Which of the Following Statements Is False

question 189

Multiple Choice

Which of the following statements is false?

• A) Quality and productivity have often been viewed as conflicting goals.
• B) Over the years, a number of managers have realised that quality is an essential ingredient of the good or service being manufactured.
• C) Quality has become an overall approach to doing business.
• D) For most businesses, quality costs too much money.
• E) Making products right the first time reduces many of the rejects and much of the rework.

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Definitions:

Total Cost

The sum of all costs incurred by a firm in the production of goods or services, including both fixed and variable costs.

Isocost Line

A diagram representing every possible mix of inputs that can be acquired for a specific total expenditure.

Cost Of Capital

The required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.

Cost Of Labor

The total amount incurred by a business to compensate its employees, including wages, benefits, and taxes.