"Employees Cannot Produce Goods That on Average Exceed the Quality

question 71

Multiple Choice

"Employees cannot produce goods that on average exceed the quality of what the process is capable of producing" expresses a basic element in the writings of

• A) Vilfredo Pareto
• B) Armand Feigenbaum
• C) Joseph M. Juran
• D) W. Edwards Deming
• E) Philip B. Crosby

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Definitions:

Inferior Good

A type of good for which demand decreases when the income of the consumer increases, inversely related to consumer income.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.

Inferior Goods

A good that has a negative income elasticity, so that as consumer income rises, the demand for the good falls.

Normal Goods

Goods for which demand increases as the income of individuals increases.