An Organization Which Increases Its Quality Can Improve Its Profits

question 47

Multiple Choice

An organization which increases its quality can improve its profits by _____ the prices of its products due to increased reliability and _____ its operating costs due to increased productivity.

• A) decreasing; reducing
• B) reducing; increasing
• C) increasing; increasing
• D) increasing; reducing
• E) discounting; increasing

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Definitions:

Mathematics Test

An examination designed to assess one's knowledge or proficiency in mathematics.

Normal Model

A statistical distribution that is symmetric and bell-shaped, describing how continuous data is distributed around the mean.

Scores Above

Refers to performance measures or results that exceed a specific threshold or benchmark.

Normal Model N(73,9.2)

A specific normal distribution with a mean of 73 and a standard deviation of 9.2.