Which of the Following Is Not One of Deming's 14

question 6

Multiple Choice

Which of the following is not one of Deming's 14 points?

• A) Institute training.
• B) Drive out fear.
• C) Optimize the efforts of individuals working alone. (LO #4)
• D) Stop making decisions purely on the basis of price.
• E) Improve constantly and forever.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies with the level of production.

Average Variable Cost

The total variable cost divided by the quantity of output produced, representing the variable cost per unit of output.

Short-run Supply

The amount of output that producers are willing and able to sell at different prices over a short period of time, often assuming some inputs are fixed.

State License Fee

A fee required by certain state governments for the granting of a license to operate a particular business or profession within that state.