Statement I Internal failure costs are generated after the product is dispatched as a result of non-performance to requirements.
Statement II External failure costs are generated before the product is dispatched as a result of non-conformance to requirements.
Which of the following answer is correct related to above statements being correct or incorrect?
A. Both statements are correct
B. Both statements are not correct
C. Statement I is correct, but Statement II is not correct
D. Statement II is correct, but Statement I is not correct
Answer: Option B
This Question Belongs to Management >> Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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