How Well a Process Is Able to Meet the Requirements

question 51

Multiple Choice

How well a process is able to meet the requirements set forth by the process design is called the quality of _____________.

• A) performance
• B) conformance
• C) design
• D) control

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Definitions:

Tariffs

Taxes imposed by a government on imported goods.

Comparative Advantage

The capacity of a nation or company to generate a specific product or service with a smaller opportunity cost compared to its rivals.

Quotas

Limits set by governments on the quantity of a product that can be imported or exported within a given time period.

International Trade

The exchange of goods, services, and capital between countries across international borders.