Statistical quality control primarily involves
A. checking every product for possible defects so as to reduce high costs related to poor quality.
B. maintaining a customer feedback log and making the necessary improvements in products whenever required.
C. monitoring production quality on an ongoing basis and making corrections whenever the results show that the process is out of control.
D. looking for defects in parts, finished goods, or other outcomes selected through a sampling technique.
Answer: D
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_____ focuses on developing a comprehensive program for long-term success.
A. Strategic planning B. Mission and vision statements C. Organizational diversity D. TQM E. A synergy agenda
Consider the following budgets: (1) Direct materials (2) Income statement (3) Production (4) Cost of goods sold In what order should these budgets be prepared?
a. 2, 3, 1, 4 b. 3, 4, 1, 2 c. 1, 3, 4, 2 d. 3, 1, 4, 2
Uncollectible accounts should not be estimated because it is impossible to know which accounts will not be collected
Indicate whether the statement is true or false
Which of the following foreign entry modes primarily involves producing goods in one country to sell in another?
A. exporting B. greenfield operations C. brownfield operations D. crowdsourcing