Examlex
Which of the following statements is true with regard to Edward Deming?
Additional Slice
Refers to an extra unit or portion of a product or service added beyond the current amount.
Efficiency
The optimal use of resources to achieve the desired ends with minimum waste or effort.
Equity
The concept of fairness or justice within the economy that deals with the distribution of wealth and resources.
Trade
The exchange of goods, services, or both within and between countries.
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