Which of the Following Statements Is False

question 131

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 realized 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:

Homogeneous Oligopoly

A market structure in which a few companies sell products that are identical or very similar, leading to high levels of competition on price rather than product differentiation.

Industrial Alcohol

Alcohol used for industrial purposes, including manufacturing and as a fuel or solvent, rather than for consumption.

Interproduct Competition

Interproduct Competition refers to the competition between different products that serve similar purposes, encouraging diversity and improvement in the market.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for competition based on other factors than price.