In the context of quality improvement methods, ________ can be best described as using a formal process in which teams study processes and correct problems to limit defects to 3.4 per million operations.
A. total quality management
B. Six Sigma
C. lean process improvement
D. zero-defects approach
Answer: B
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GAAP requires that all derivative financial instruments be reported at their
A) ?historical cost. B) ?fair value. C) ?present value. D) ?par value.
Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?
a. operations management b. middle management c. top management d. line management
________ holds that there are few really new ideas and that "true is better" than new.
A. Scientific management B. The quality-management viewpoint C. Evidence-based management D. Behavioral management E. MBO
Salinger Software was founded in 2015. The company lost money each of its first three years, but was able to turn a profit in 2018. Salinger's operating income (EBIT) for its first four years of operations is reported below. YearEBIT2015-$100,000,0002016-$150,000,0002017-$100,000,0002018$700,000,000? The company has no debt, so operating income equals earnings before taxes. The corporate tax rate has remained constant at 35%. Assume that the company took full advantage of the carry-back, carry-forward provisions in the Tax Code, and assume that the current provisions were applicable in 2015. How much tax did the company pay in 2018?
A. $121,275,000 B. $132,300,000 C. $135,975,000 D. $122,500,000 E. $101,675,000