Which of the Following Statements Relating to Total Quality Management

question 65

Multiple Choice

Which of the following statements relating to total quality management and Six Sigma is true?

• A)The only effect of internal failure is loss of material.
• B)Poor quality generally does not increase the inventory level or lead times.
• C)To produce 100 good units in a process with a 20 percent defective rate,the company must produce a total of 120 units.
• D)High product quality in manufacturing can have significant market implications for a firm.

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Definitions:

Public Saving

The portion of national saving that is accumulated by the government sector, often reflected as the difference between government revenues and expenditures.

National Saving

The total amount of savings generated within a country, which is the sum of private savings by households and businesses plus public savings from the government’s budget.

Tax Revenue

Tax revenue is the income gained by governments through taxation, a primary source of income used to fund public services and obligations.

National Saving

The total amount of savings generated within a country, consisting of both private savings by households and public savings by the government.