Which of the Following Is Not One of the Steps

question 60

Multiple Choice

Which of the following is not one of the steps in the process for validating a quality management system?

• A) Go over your results.
• B) Assemble the right team.
• C) Evaluate your quality management manager.
• D) Identify the approaches that are working well.
• E) Identify what is not working well.

---

Definitions:

Consumer Surplus

The difference between what consumers are willing to pay and what they actually pay.

Market Price

The current price at which a good or service can be bought or sold, determined by the forces of supply and demand.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Under Production

A situation where less is produced than could be achieved with the available resources, often leading to inefficiencies and unmet demand.