Building Quality into the Product Rather Than Relying on Quality

question 45

Multiple Choice

Building quality into the product rather than relying on quality inspections after the product has already been made reflects a principle of

• A) scientific management.
• B) TQM.
• C) MRP.
• D) cross-functional teams.

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Definitions:

Indifference Curves

Graphical representations used in microeconomics to show different combinations of two goods that provide the same level of utility or satisfaction to an individual.

Contract Curve

In economics, the locus of points representing the set of mutually beneficial (Pareto optimal) allocations of goods or resources between two or more individuals.

Individuals

Persons or entities regarded as single and distinct from a group, often considered in terms of legal rights, responsibilities, and social roles.

Edgeworth Box

A diagram used in economics to show the distribution of resources and the potential for gains from trade between two individuals or entities.