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Removing and reworking incorrect work costs approximately twice that of doing it right the first time?

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Final answer:

The concept in question is that reworking mistakes often incurs higher costs than getting things right the first time, due to added labor, materials, and delay costs. This is true both in physical tasks, like reassembling equipment, and in environmental efforts, such as reducing pollution in a cost-effective manner.

Step-by-step explanation:

The query points to a general concept in business and project management that removing and reworking incorrect work commonly costs significantly more than doing it right the first time. This involves additional expenses related to labor, materials, and potentially the cost of delays. The situation provided as a reference reflects scenarios where inaccurate or incomplete work results in extra or missing components, triggering the need for rework. Similarly, in the context of environmental management, it exemplifies how different approaches to reducing pollution or waste can lead to different costs, emphasizing the need for efficient solutions that minimize the need for rework and thus avoid additional costs.

For instance, discrepancy in reassembling equipment might require another cycle of disassembly and reassembly, doubling the labor involved. In environmental management, the example given illustrates that a system of marketable permits can result in more cost-effective pollution reduction compared to each firm reducing its garbage output uniformly. This is because it allows the reductions to occur where they are least expensive, preventing unnecessary additional costs that would occur if reductions were done without regard to cost efficiency.

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