Investor Glossary-quality assuranceInvestor Glossary-quality assuranceInvestor Glossary-quality assuranceInvestor Glossary-quality assuranceInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Quality Assurance

The HTML to link to this page
 

Quality assurance encompasses all planned and systematic actions and programs that are designed to provide confidence that a product or service will meet customer expectations. Quality assurance also refers to the activities necessary to ensure that a module, component or system conforms to established technical requirements. The following activities are typically part of a quality assurance program: design, development, production, distribution, installation, servicing and/or documentation. Many companies have entire departments devoted to quality assurance. A quality assurance system can help increase a company's credibility and enable them to compete better with others. One of the most widely used methodologies in quality assurance management is the Plan-Do-Check-Act (PDCA) approach. This quality assurance paradigm is a repetitive cycle designed to improve business processes. Failure testing is a primary component of quality assurance, which exposes weaknesses in a product, service or component. In manufacturing and construction, quality assurance practices are primarily defined by the International Standards contained in the ISO 9000 series.



Rate this quality assurance definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: stock market close, 1031 exchange, risk management, ex-dividend date, average price per share, Zero Cost Collar, 1035 exchange, implied volatility, option premium, inflation, debt service coverage, real GDP, phantom income, class C shares, labor relations, current ratio, covered put, irrevocable trust, annual return, ex-dividend, FICO score, APR, Key Rate Duration, margin rate, FTSE, command economy, LIBOR, 144a, stock split, open position, dividends payable, balance sheet, reverse mortgage, VIX, liquidity ratio, EBITDA, 401a, required rate of return, deferred revenue, diluted share, per diem, minority interest, in escrow, retained earnings, wholly-owned subsidiary, deferred tax, cancelled check, limit order, quality assurance


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use