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Webster's New World Finance and Investment Dictionary » quality control
quality control
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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