A Benefit of an Activity Received by People Not Participating

question 130

Multiple Choice

A benefit of an activity received by people not participating in the activity is called a(n) :

• A)winner's curse.
• B)positive externality.
• C)external cost.
• D)negative externality.

Understand the role of statistical process control in quality assurance.

Recognize the importance of customer satisfaction and value improvement in quality management.

Calculate and interpret the average rate of return on investments related to quality improvement.

Understand the impact of productivity on organizational performance and cost-effectiveness.

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Definitions:

Company Unions

Labor organizations that are controlled by the employer rather than independently run by the workers, often seen as a way to prevent independent unionization.

Worker Controlled Unions

Labor organizations that are directly governed and operated by their members, ensuring their interests and concerns are central to union activities.

National Labor Union

An early labor federation in the United States, established in the 1860s, aimed at bringing together various labor unions to advocate for workers' rights.

Primary Goals

The main objectives or targets that an individual, organization, or project aims to achieve, serving as the foundational focus for strategy and actions.