XYZ Corp Is Focusing on the Objective of Low-Cost, High Quality

question 23

Multiple Choice

XYZ Corp. is focusing on the objective of low-cost, high quality, on-time production by minimizing idle productive facilities and workers. The XYZ Corp. is taking advantage of a __________ system.

• A)Last In, First Out (LIFO)
• B)Highly mechanized
• C)First In, First Out (FIFO)
• D)Just-In-Time (JIT)

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Definitions:

Voluntary Response Bias

A bias in survey results that occurs when the respondents who choose to participate are not representative of the intended population.

Nonresponse Bias

A bias that occurs in survey statistics when individuals who do not respond differ significantly from those who do, affecting the validity of the results.

Response Bias

A type of bias that occurs when respondents to a survey or study give inaccurate answers, often due to the wording of questions or social desirability.

Undercoverage

A bias in statistical sampling where some members of the intended population are inadequately represented in the sample.