Which of the Following Statements Relating to Total Quality Management

question 96

Multiple Choice

Which of the following statements relating to total quality management is TRUE?

• A) High product quality in manufacturing can have significant market implications for a firm.
• B) To produce 100 good units in a process with a 20 percent defective rate, the company must produce a total of 120 units.
• C) The only effect of internal failure is loss of material.
• D) Poor quality generally does not increase the inventory level or lead times.

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Definitions:

Age Ranges

Age ranges refer to the categorization of human life span into distinct stages, such as infancy, childhood, adolescence, adulthood, and old age, based on developmental characteristics.

Doubling Time

Number of years it takes for a population to double in size.

Growth Rate

The rate at which a living organism or part of an organism increases in size.

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain or ecological functions.