Total quality management focuses on reducing waste
Indicate whether the statement is true or false
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Which statement is true?
a. The allowance method uses an estimate based on (1) a percent of sales or (2) an analysis of receivables. b. Direct write-off is best suited for large companies and those with a large amount of receivables. c. The direct write-off method uses an allowance account. d. Adjusting entries are necessary under both the direct write-off and the allowance methods.
March refers to the constant improvement and evaluation of routinization, standardization and formalization of what is already known and done in an organization as _____________.
a. Exploration b. Exploitation c. Experience d. Exorcism
The most significant signs of a well-managed company are
A. a visionary mission statement and a willingness to pursue offensive strategies rather than defensive strategies. B. a profitable business model and a balanced scorecard approach to measuring the company's performance. C. aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant. D. the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision. E. good strategy-making combined with good strategy execution.
Which sentence is expressed correctly?? A) My favorite movie is Pirates of the Caribbean; Dead Man's Chest
B) We studied Anne Frank: The Diary of Young Girl in my high school English class. C) Professor Reid asked us to read the article ?Tuning In; Improving Your Listening Skills for the next class session.