Match the Term with Its Definition

question 118

Multiple Choice

Match the term with its definition. Some terms may not be used.
-An all-encompassing management approach to providing high-quality products or services

• A)Acceptance sampling
• B)Attributes
• C)Bottleneck
• D)Constraint
• E)Inspection
• F)ISO 9000
• G)Operations
• H)Operations management
• I)Poka-yoke
• J)Quality
• K)Total quality management
• L)Variables

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Definitions:

Contribution Margin Ratio

A financial metric that shows what percentage of sales revenue is not consumed by variable costs and therefore contributes to covering fixed costs.

Segment Margin

The profit or loss generated by a particular segment of a business, after accounting for direct and indirect costs.

Net Operating Income

The profit generated from a company's operational activities after deducting operating expenses from operating revenues.

Net Operating Income

A measure of a company's profitability, calculated by subtracting operating expenses from gross profit.