In TQC, Product Quality Is More Important Than Production Rates

question 76

True/False

 In TQC, product quality is more important than production rates, and workers are allowed to stop production whenever a quality problem occurs.

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Definitions:

MRP Curve

The Marginal Revenue Product curve, which depicts the additional revenue generated by employing an additional unit of a resource or factor of production.

Demand

A schedule or curve that shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time.

Price

The amount of money expected, required, or given in payment for something.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, such as labor or capital.