Final answer:
The correct term for additional procedures to correct a defective product is rework, which involves bringing a product up to its required specifications.
Step-by-step explanation:
When additional procedures are necessary to bring a defective product up to its required specifications, this is referred to as rework. Rework indicates the processes that are needed to correct deviations from the product's specified standards or to fix defective parts. This is opposed to scrap, which means the material has been deemed unusable and must be discarded; work in process which refers to the inventory that is in the production process but is not yet complete; and variance reporting, which involves recording and analyzing the difference between actual and expected performance.