A Total Quality System Should Place an Emphasis on Inspection

question 71

True/False

A total quality system should place an emphasis on inspection.

---

Definitions:

Residual Income

The amount of income that an investment or project generates above the minimum rate of return.

Residual Income

The profit left over after all necessary capital expenses are subtracted from the operating income, serving as an indicator of financial success.

Operating Assets

Resources used in the day-to-day functioning of a business that contribute to generating revenue.

Residual Income

The amount of income that exceeds the minimum return expected from a particular investment or operation.