According to Deming,a Product or Service Possesses Quality If

question 25

Multiple Choice

According to Deming,a product or service possesses quality if:

• A)the production process engages more workforce.
• B)the cost of the product or service exceeds its benefit.
• C)it enjoys a sustainable market.
• D)it shows variations in its production process.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced within a country in real terms.

Taxation

The process by which governments charge fees on individual or corporate income, activities, or products to fund government activities.

Expenditures

The total amount spent on goods and services, including both personal consumption and investment by businesses.

Income

Income is the money received, especially on a regular basis, for work or through investments.