Which of the Following Is Generally True of Quality Circles

question 44

Multiple Choice

Which of the following is generally true of quality circles?

• A) Members meet voluntarily.
• B) Members receive a percentage of any resulting savings.
• C) At least twice daily meetings are needed.
• D) They were first used in Germany.

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Definitions:

Minimum Efficient Scale

The smallest level of production at which a firm can achieve the lowest long-term average cost, allowing it to be competitively viable.

3-D Printers

3-D printers are machines that create three-dimensional objects by adding material layer by layer, based on digital models.

Third Industrial Revolution

The period characterized by the digital revolution and the use of electronics and information technology to automate production.

Law of Diminishing Returns

A principle stating that as one factor of production is increased while others are held constant, there comes a point at which the marginal gain in output begins to decrease.