Which of the Following Is Correct

question 21

Multiple Choice

Which of the following is correct?

• A)Efficiency deals with the size of the economic pie,and equality deals with how fairly the pie is sliced.
• B)Equality can be judged on positive grounds whereas efficiency requires normative judgments.
• C)Efficiency is more difficult to evaluate than equality.
• D)Equality and efficiency are both maximized in a society when total surplus is maximized.

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Definitions:

TQM

Total Quality Management; a management approach to long-term success through customer satisfaction, focusing on continuous improvement of organizational processes.

ISO 9000

A set of international standards for quality management and quality assurance designed to help companies ensure they meet customer and other stakeholder needs.

Criteria

Standards or rules by which something is judged or assessed.