Which of These Is One of Demming's Well-Known Points on Quality

question 65

Multiple Choice

Which of these is one of Demming's well-known points on quality?

• A) Create dependence on mass inspections to achieve quality
• B) Award business on the measure of price tag
• C) Breakdown barriers between departments
• D) Corporate transformation should be the responsibility of top management

Appreciate the challenges and importance of union involvement in managing change within organizations.

Understand the concept of the internal rate of return (IRR) and how it is calculated for investment projects.

Learn how the net present value (NPV) is determined and its implications for capital budgeting decisions.

Comprehend the significance of the minimum required rate of return in project evaluation.

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Definitions:

Floating-point Expression

A type of expression in programming that allows for the representation of real numbers with fractional parts, using a format that can store a wide range of values.

Double-precision

A format for representing floating-point numbers that uses double the amount of storage compared to single-precision, allowing for increased precision.

Single-precision

Refers to a floating-point number format that uses 32 bits, offering a compromise between range and precision.

Remainder Operator

The remainder operator, often % in many programming languages, calculates the remainder of the division between two numbers.