QUESTION 1: (4 POINTS) Explain the law of diminishing marginal returns. SOLUTION: QUESTION 5: (4 POINTS) What is the responsibility of each of the following for quality? Marketing Packaging and Storage SOLUTION: QUESTION 11: (3 POINTS) The Auto Belt Company tested 175 products for 1500 hours each. During the test 68 products failed. Compute the number of failures per hour and the mean time between failures. SOLUTION: QUESTION 7: (5 POINTS) What are the seven clauses of ISO 9001:2015? Why do they start from Clause 4, and if there are Clause 1, 2 and 3, what are they? How many requirements are there in these ISO clauses? SOLUTION:

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