WGU D101: Comprehensive Guide to Quality Exam 3
Four of the five goal of economic systems are listed below. Which is not? - correct answer ✔✔Economic
efficiency
Employment
Price stability
Economic freedom
Balance of trade
Intelligence at the voting polls does not require that people have much knowledge of economics -
correct answer ✔✔False
_______ reflects a person's willingness to buy goods and services at different prices - correct answer
✔✔Demand
Which of the following are some of the economic issues that all national leaders face - correct answer
✔✔Inflation and international monetary system
________ is the production distribution and consumption of goals and services - correct answer
✔✔Economics
_______is the rise in price of an object over an object's intrinsic value - correct answer ✔✔Inflation
Standard of living is the _______ necessities or comforts held to be essential to maintaining a person in a
customary or desired status - correct answer ✔✔Minimum
A technological breakthrough is required for innovation - correct answer ✔✔False
Two factors that work together to determine the supply of a product or service are the cost of producing
the product or service and the _______ - correct answer ✔✔Selling price
, ________ can lead to technological starvation or lack of progress - correct answer ✔✔Monopolies
A ________ can be a collection of processes dependent upon one another to complete a task or product
- correct answer ✔✔System
Activities that are necessary to turn inputs into outputs that will meet or exceed customer requirements
are called - correct answer ✔✔Value added activities
________ pay revenue to a company and represent the highest priority - correct answer ✔✔External
(key) customers
Alignment that extends from organizational goals and strategies down to individual and team
performance is called - correct answer ✔✔Vertical alignment
Alignment that extends from the ultimate external customer all the way back through the organization to
external suppliers is called - correct answer ✔✔Horizontal alignment
The _________ customers determine whether costs are truly value added by their decisions to buy the
products at the asking price - correct answer ✔✔External
So quality metrics for a process unit are 1 meeting production schedule 2 making only on specification
product 3 increasing productivity 4 ensuring no osha recordable injuries and 5 - correct answer
✔✔Reduce waste
It is not important that all subsystems work properly since some are not critical to production - correct
answer ✔✔False
Marketing is not related to the subsystems involved in the operation of a process unit - correct answer
✔✔False
In the operation of the presses unit it is possible for a customer to also be a supplier - correct answer
✔✔True
Four of the five goal of economic systems are listed below. Which is not? - correct answer ✔✔Economic
efficiency
Employment
Price stability
Economic freedom
Balance of trade
Intelligence at the voting polls does not require that people have much knowledge of economics -
correct answer ✔✔False
_______ reflects a person's willingness to buy goods and services at different prices - correct answer
✔✔Demand
Which of the following are some of the economic issues that all national leaders face - correct answer
✔✔Inflation and international monetary system
________ is the production distribution and consumption of goals and services - correct answer
✔✔Economics
_______is the rise in price of an object over an object's intrinsic value - correct answer ✔✔Inflation
Standard of living is the _______ necessities or comforts held to be essential to maintaining a person in a
customary or desired status - correct answer ✔✔Minimum
A technological breakthrough is required for innovation - correct answer ✔✔False
Two factors that work together to determine the supply of a product or service are the cost of producing
the product or service and the _______ - correct answer ✔✔Selling price
, ________ can lead to technological starvation or lack of progress - correct answer ✔✔Monopolies
A ________ can be a collection of processes dependent upon one another to complete a task or product
- correct answer ✔✔System
Activities that are necessary to turn inputs into outputs that will meet or exceed customer requirements
are called - correct answer ✔✔Value added activities
________ pay revenue to a company and represent the highest priority - correct answer ✔✔External
(key) customers
Alignment that extends from organizational goals and strategies down to individual and team
performance is called - correct answer ✔✔Vertical alignment
Alignment that extends from the ultimate external customer all the way back through the organization to
external suppliers is called - correct answer ✔✔Horizontal alignment
The _________ customers determine whether costs are truly value added by their decisions to buy the
products at the asking price - correct answer ✔✔External
So quality metrics for a process unit are 1 meeting production schedule 2 making only on specification
product 3 increasing productivity 4 ensuring no osha recordable injuries and 5 - correct answer
✔✔Reduce waste
It is not important that all subsystems work properly since some are not critical to production - correct
answer ✔✔False
Marketing is not related to the subsystems involved in the operation of a process unit - correct answer
✔✔False
In the operation of the presses unit it is possible for a customer to also be a supplier - correct answer
✔✔True
