A successful TQM program incorporates all EXCEPT which of the following?

A) continuous improvement
B) employee involvement
C) benchmarking
D) centralized decision-making authority
E) JIT


D

Business

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Why might it be necessary to make adjustments to the accounting system in a firm that adopts JIT?

Business

Notes receivable are classified as current liabilities regardless of the time to maturity.

Answer the following statement true (T) or false (F)

Business

One of W. Edwards Deming's "14 points" of quality is to

A. ensure compliance by inducing fear among those who deviate from process. B. use numerical quotas regularly. C. rely on mass inspection to ensure quality. D. allow autonomy and spontaneity. E. strive for short-term improvement rather than long-term profit.

Business

The budgeted production of Taurus, Inc is 13,000 units per month

Each unit requires 30 minutes of direct labor to complete. The direct labor rate is $80 per hour. Calculate the budgeted cost of direct labor for the month. (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.) A) $520,000 B) $195,000 C) $1,040,000 D) $34,667

Business