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quality control definition - finance
The system by which goods are checked at different points in the production process in order to make certain that there are no defects and that the goods meet all necessary specifications. Quality control also involves inspecting the finished products. Companies often have quality control departments. Total quality management, which is one specific theory of quality management, recommends that all employees be monitors for quality in their everyday tasks.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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