1._______ Materials, machinery, and workers are assembledin one place.2._______ The government spends more than it receives.3._______ System of exchange.4._______ The process of distinguishing Colgate from Cresttoothpaste.5._______ The average level of output per worker per hour.6._______ A study of how wealth is created and distributed.7._______ An organized effort to produce and sell goodsand services for a profit.8._______ A system where individuals own and operate themajority of businesses.9._______ A person who takes the risk and invests in abusiness.10._______ Value of all goods and services produced withina country during a one-year period.a. capitalismb. economicsc. federal deficitd. productivitye. product differentiationf. businessg. factory systemh. entrepreneuri. gross domestic productj. barter

Which represents what quality management is? a. involves the preparation of a quality management plan that describes the process and metrics that will be used. b. processes that provide confidence that product and service quality are being managed. OC. Act of overseeing all activities and tasks needed to maintain a desired level of excellence. Od.outlines systematic approaches used to improve upon quality assurance and quality control processes e. ensuring quality of a product/service is maintained and defects are appropriately managed. QUESTION 20 What is quality improvement? Oa. Act of overseeing all activities and tasks needed to maintain a desired level of excellence. O b. Processes that provide confidence that product and service quality are being managed. Oc Ensuring quality of a product/service is maintained and defects are appropriately managed. d. Outlines systematic approaches used to improve upon quality assurance and quality control processes. e. Involves preparation of…