Which of the Following Is a Method for Breaking Process

question 32

Multiple Choice

Which of the following is a method for breaking process into a series of steps in order to
Eliminate defects and produce near perfect results?

• A) Deming's 14 points management.
• B) Six Sigma management.
• C) Shewhart-Deming cycle.
• D) R chart and chart.

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Definitions:

Marginal Cost

The added financial burden of producing another unit of a product or service.

Efficient Price

The price at which the supply of a good matches its demand, leading to an optimal distribution of resources in a market.

Consumer Surplus

Consumer surplus represents the discrepancy between what consumers are prepared and capable of spending for a product or service and the actual amount they end up paying.

Artificially Scarce Goods

Products or services whose availability is limited by the seller to increase demand or price, rather than by natural scarcity.