Deming's __________ cycle of continuous improvement promoted the adoption of fourteen principles to make any organization efficient and capable of solving almost any problem.
A. plan-do-check-act
B. plan-check-act-do
C. act-do-check-plan
D. act-plan-check-do
E. check-plan-act-do
Answer: A
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A) Reading from the bottom up B) Asking a colleague for help C) Reading the work multiple times D) Reading the work later E) Looking for common errors
The cost of units sold is recorded by debiting Cost of Goods Sold and crediting ________
A) Finished Goods Inventory B) Sales Revenue C) Work-in-Process Inventory D) Wages Payable
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Indicate whether the statement is true or false
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B) an arbitrary and capricious challenge. C) an ultra vires challenge. D) All of the above