Which of the following is a core value of TQM?
A. Managers measure progress with feedback based on qualitative observations.
B. The company promotes cooperation with vendors and customers to hold down costs.
C. Processes are designed such that errors are detected and corrected immediately after they occur.
D. A few, select employees in an organization are given training in quality.
E. Methods are designed to meet the needs of external customers, not internal customers.
Answer: B
You might also like to view...
Firms that want to promote an image of superior quality and exclusivity to customers would most likely pursue a ________ pricing strategy.
Fill in the blank(s) with the appropriate word(s).
Merith Qin, a textile company, relies on self-funding in order to sustain the promotion of its new product in the market. The company sold its newly issued stock and was able to amass a sizable amount of money to invest. Which of the following sources of long-term funds is being used by Merith Qin in the given scenario?
A. Direct investments from owners B. Long-term debt C. Corporate bonds D. Term loans
Borrowers are required to recite the terms of their loans in clear, readily understandable language so that lenders can make rational choices.
Answer the following statement true (T) or false (F)
Which of the following contracts requires a writing under the UCC, Article 2?
A)Jeremy, a full-time student, sold his snow blower to a friend for $450. B)Kayla, a full-time student, purchased a used computer from Office Plus for $300. C)A toy manufacturer contracted to sell dolls valued at $10,000 to a department store. D)Tobias Department Store contracted to sell Jenny a $400 doll.