Which of the Following Typically Represents the Impact of Increased

question 30

Multiple Choice

Which of the following typically represents the impact of increased quality on organizational performance?

• A)increased reliability that leads to lower prices
• B)increased productivity that leads to lower costs
• C)higher prices that lead to lower profits
• D)higher costs that lead to higher profits

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Definitions:

Limited Liability

A legal structure that limits the financial liability of investors or owners to the amount they have invested in a company, protecting personal assets.

Transferability of Ownership

The capability to legally transfer the title or ownership of an asset or property from one entity to another.

Sole Proprietorship

A business structure in which a single individual owns and operates the business, bearing sole responsibility for its debts and obligations.

Corporation

A legal entity owned by stockholders whose liability is limited to the value of their stock ownership.