Seeing Quality as the Responsibility of All People and Functions

question 35

Multiple Choice

Seeing quality as the responsibility of all people and functions in an organization is central to the concept of:

• A) six sigma.
• B) TQM.
• C) quality control.
• D) cycle time reduction.
• E) benchmarking.

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Definitions:

Keynesian Analysis

An economic approach that emphasizes the role government can play in smoothing out the fluctuations in the economy through fiscal and monetary policy.

Macroeconomic Equilibrium

A state in which aggregate supply equals aggregate demand, meaning all goods and services produced are purchased, without any involuntary inventory buildup.

Aggregate Demand

The total demand for all goods and services within a particular market.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced over a specific period.