Points Above the Efficient Frontier Have Superior Risk-Return Characteristics to Those

question 65

True/False

Points above the efficient frontier have superior risk-return characteristics to those along the efficient frontier, but are not part of the feasible set.

---

Definitions:

Product Quality

refers to the characteristics of a product that determine its ability to satisfy stated or implied customer needs.

Service Quality

Refers to the measurement of how well a delivered service matches the customer's expectations.

External Forces

Events, conditions, or factors outside an organization that can affect its performance and operational success.

Touch Labour

Labor directly involved in the manufacturing or assembly of products, as opposed to indirect labor roles such as supervision or management.