Which of the Following Perspectives of Quality Judges Quality of a Product

question 67

Multiple Choice

Which of the following perspectives of quality judges quality of a product on the basis of consistency in meeting product specifications?

• A)Manufacturing perspective
• B)User perspective
• C)Value perspective
• D)Transcendent perspective

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Definitions:

Socialize Losses

The practice of distributing the financial burdens of failures, such as bank failures or large-scale corporate bailouts, across the broader society or government, rather than allowing them to fall solely on those responsible.

Privatize Gains

The concept of transferring profits or benefits from public to private ownership, often criticized for benefiting a select few at the expense of the broader public.

Government Guarantees

Assurances provided by the government to back loans, investments, or other financial transactions.

Regulatory Capture

A form of government failure that occurs when a regulatory agency tasked with acting in the public's interest instead acts in favor of the commercial or special interests of the industry or sector it is charged with regulating.