Which of the following is not a component of TQM?
A. Use accurate standards to identify and eliminate problems.
B. Urge employees to strive for "zero defects."
C. Make continuous improvement a priority.
D. Get every employee involved.
E. Listen to and learn from customers and employees.
B. Urge employees to strive for "zero defects."
The four components of TQM are as follows: 1. Make continuous improvement a priority. 2. Get every employee involved. 3. Listen to and learn from customers and employees. 4. Use accurate standards to identify and eliminate problems. Zero defects is a quality assurance concept.
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In a restructuring it is possible that managers may use the opportunity to write down assets that do not even relate directly to the restructuring action. Why might a manager decide to write down an asset that is not included in the restructuring action?
a. The manager is practicing conservatism. b. The write down relieves future periods of depreciation expense, which increases cash flows. c. Normally the stock market reacts positively to restructuring and the greater the amount the better. d. The write down relieves future periods of depreciation expense, which increases earnings.
______ cultures put more emphasis on the group than on the individual.
Fill in the blank(s) with the appropriate word(s).
The difference between operating income on a flexible budget and actual operating income is called the:
A) sales price variance. B) efficiency variance. C) standard variance. D) flexible budget variance.
Modified internal rate of return (MIRR) is the discount rate that forces the present value of a project's terminal value to equal the _____.
A. future value of its purchase price B. future value of its cash outflows C. present value of its cash inflows D. future value of its cash inflows E. present value of its cash outflows