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Term of the Day
BusinessDictionary.com
total cost of quality
Definition
Sum
of all
costs
associated
with poor
quality
or
product
failure
, including
rework
,
scrap
, and
warranty
costs and costs
incurred
in preventing or resolving quality
problems
. It does not include costs associated with
maintenance
and quality
training
.
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Nearby Terms
total assets
total assets to sales ratio
total capital
total cost
total cost of a contract
total cost of ownership (TCO)
total cost of quality
total count test
total debt service (TDS)
total debt to inventory
total debt to net worth
total debt to total assets ratio
total disability
Popular 'Accounting & Auditing' Terms
accounting
payment terms
accounting concepts
financial management
marginal benefit
letter of credit (L/C)
asset
revenue
pro forma invoice
fixed cost
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