Long term success through customer satisfaction
a. theory y
b. theory x
c. hawthorne effect
d. tqm
Ans: d. tqm
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Which of the following is most likely to lead to government intervention in the form of price ceilings?
a. advertising b. war c. growth in consumer income d. technological advance in agriculture e. lower resource costs
Which of the following is an example of a fiscal policy initiative?
a. Lowering of interest rates. b. Increase in reserve requirements. c. Reduction in taxes. d. Decrease in money supply.
According to most economists,
A. command-and-control regulations work better than incentive-based regulations. B. incentive-based regulations work better than command-and-control regulations. C. command-and-control regulations have about the same effectiveness as incentive-based regulations.
The basic difference between macroeconomics and microeconomics is:
A. microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade. B. microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms. C. microeconomics concentrates on the behavior of individual consumers, firms, and industries while macroeconomics focuses on the performance of the entire economy. D. microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.