Studies Have Shown That Improvements in Quality Can Lead To

question 132

Multiple Choice

Studies have shown that improvements in quality can lead to:

• A) A higher total cost as additional costs are spent to improve quality.
• B) Lower productivity because of the need to meet a higher quality standard.
• C) Increases in throughput time.
• D) Increases in productivity (e.g., lower manufacturing costs).
• E) Increased warranty costs.

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Definitions:

Ratify

To formally approve or confirm an agreement, treaty, or amendment, making it officially valid.

Misrepresentations

False statements or lies that are made with the intention of deceiving or misleading someone, often in a legal or contractual context.

Principal

The main party to a transaction, who has the primary responsibility, or in an agency relationship, the person for whom the agent acts.

Agent

A person authorized to act on behalf of another (known as the principal) in business transactions or other matters.