____ Refers to an Organization's Overall Effort That Strives to Achieve

question 52

Multiple Choice

____ refers to an organization's overall effort that strives to achieve customer satisfaction through continuous improvement of the organization's products, services, and processes.

• A) Total quality
• B) Quality control
• C) Continuous quality improvement
• D) Quality attainment

Identify the differences between private, social, and marginal costs and benefits.

Appreciate the significance of negotiating solutions in externalities and the Coase theorem.

Understand how external benefits justify government funding in education and other areas.

Recognize the conditions under which market outcomes can be efficient in the presence of externalities.

---

Definitions:

Funded

Having financial support or resources allocated for a specific purpose or project.

Latino American

An individual in the United States who originates from or has ancestry from Latin America.

Poverty

A condition where individuals or communities lack the financial resources to meet basic living needs such as food, shelter, and healthcare.

Percent

A ratio or fraction expressed as a part of 100.