Which Management Program Aims to Reduce Manufacturing Defects to Only

question 15

Multiple Choice

Which management program aims to reduce manufacturing defects to only 3.4 per million?

• A) Reengineering
• B) Total quality management
• C) Management by objectives
• D) Six sigma
• E) Strategic planning

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Definitions:

Court's Judgment

The final decision made by a judge or court in a legal case, determining the resolution of the dispute.

Debtor

A person or entity that owes money to another; the opposite of a creditor.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes as production increases.

Economic Profit

The total revenue minus explicit and implicit costs; it represents additional income over what could be earned in the next best alternative.