The Underlying Principle of Quality of Working Life Programs Was

question 52

Multiple Choice

The underlying principle of quality of working life programs was that:

• A)If working conditions were more humane,job satisfaction and product quality would increase
• B)If product quality were improved,people would feel better about their jobs
• C)If work life were improved,workers' lives would be better
• D)All of the above

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Definitions:

Circular Flow

an economic model that depicts how money moves through the economy, from households to businesses and back, via the markets for goods and services and for factors of production.

Value Added

The enhancement a company gives its product or service before offering the product to customers, essentially the difference between the cost of inputs and the value or price of outputs.

Raw Materials

The basic materials from which products are made, typically extracted natural resources or agricultural products.

Circular Flow Model

An economic model depicting how money moves through the economy between producers and consumers.