________ Is a Rigorous Quality Management Program That Strives to Eliminate

question 9

Multiple Choice

________ is a rigorous quality management program that strives to eliminate deviations between the actual and desired performance of a business system and reduce defects to 3.4 per 1 million opportunities.

• A) Statistical process control
• B) Six Sigma
• C) ISO 9000
• D) ISO 9001
• E) Total quality management

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Definitions:

Activity

The engagement in tasks or actions, typically referring to some form of productive work or leisure actions.

Scarce Resources

Resources that are limited in supply and cannot satisfy all human wants and needs.

Standard Of Living

A level of material comfort in terms of goods and services available to someone or some group.

Market Failure

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.