Which One of the Following Statements Is Most Consistent with the Concept

question 231

Multiple Choice

Which one of the following statements is most consistent with the concept of total quality management?

• A) Set goals for quality performance at the corporate management level only.
• B) Emphasize quality prevention rather than just quality control.
• C) Management should concentrate on process design, not product design, issues.
• D) The marketing function and operations function should avoid interdepartmental communication so that each can become as efficient as possible.

---

Definitions:

Current Cost

The cost that would be incurred to replace an asset or inventory at present prices, differing from historical cost which is based on the value at the time of acquisition.

FASB

The Financial Accounting Standards Board, responsible for establishing and improving financial accounting and reporting standards for the public interest.

Financial Statements

Papers that offer a summary of a corporation's fiscal health, comprising the balance sheet, income statement, and cash flow statement.

SEC

The U.S. Securities and Exchange Commission, a regulatory body tasked with protecting investors, maintaining fair and orderly functioning of securities markets, and facilitating capital formation.