Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
For most companies, the money that will be lost as a result of selling low-quality products or services far exceeds the cost of valuation.
Estimates are used in many industries, with costs depending on the degree of quality control and the stage of the production cycle at which the company is located.
Quality control is important to the reputation of the business, so the cost of evaluation is a necessary cost for the success of the company.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.