One of the Essential Elements of Successful Quality Management Is

question 2

Multiple Choice

One of the essential elements of successful quality management is

• A) customer focus.
• B) a supportive organizational structure.
• C) appropriate expectations.
• D) a stable management team.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interests.

Corporation

A legal entity that is separate from its owners, providing limited liability protection, and having the capacity to own assets, incur liabilities, and sell stock.

Paid-in Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares themselves plus any amount paid in excess.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the company's resources.