Which of the Following Is Not a Prevention Activity in Controlling

question 21

Multiple Choice

Which of the following is not a prevention activity in controlling quality?

• A) Certifying suppliers.
• B) Field testing.
• C) Quality training.
• D) Process improvement.

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Definitions:

Equilibrium Price

The equilibrium price is the price at which the quantity of a good or service demanded equals the quantity supplied, leading to market balance.

Consumer Surplus

The contrast between the full amount consumers are willing to disburse for a product or service and the actual disbursement.

Price Floor

A government-imposed minimum price that can be charged for a good or service, intended to prevent prices from dropping too low.

Consumer Surplus

The differentiation between what consumers are prepared to expend on a good or service and the sums they actually do.