Which of the following is true of quality management during the age of craftsmanship that existed before the advent of the industrial revolution?
inspection was the primary means of quality control.
various statistical methods and control charts were being used to identify quality problems in production processes and to ensure consistency of output.
ensuring quality of the products was the responsibility of the quality departments and not the workers who were directly involved in creating the products.
quality assurance was informal and efforts were made to ensure that quality was built into products by the people who produced them.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answerindustrial revolution;

answerangel investor;