Which of the Following Was Credited with Gains Made in Quality

question 17

Multiple Choice

Which of the following was credited with gains made in quality and productivity in the North American auto industry in the 1980s and 1990s?

• A)scientific management practices
• B)authoritarian management practices
• C)broader-based unionization
• D)worker participation programs

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Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Short Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Competitive Firm

A company that operates in a market with many sellers, where it has little to no control over the price of its product.

Perfectly Elastic

Perfectly Elastic describes a situation in which the quantity demanded or supplied responds infinitely or extremely sensitively to a change in price.