The Philosophy of Zero Defects Is

question 44

Multiple Choice

The philosophy of zero defects is:

• A) the result of Deming's research.
• B) unrealistic.
• C) prohibitively costly.
• D) an ultimate goal; in practice, 1 to 2% defects is acceptable.
• E) consistent with the commitment to continuous improvement.

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the breakdown of individual accounts, which supports the balances shown in the general ledger.

Control Accounts

Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers for management and reporting purposes.

Accounting System

A system used by businesses for tracking their financial transactions, consisting of various processes, records, and reports.