Which of the Following Points for Management Devised by Deming

question 26

Multiple Choice

Which of the following points for management devised by Deming encourages parallel processing in focused teams?

• A) constantly improve the system
• B) create constancy of purpose
• C) institute education and self-improvement
• D) adopt a new philosophy
• E) break down barriers between departments

Acknowledge the need for fairness, loyalty, honesty, and openness as key dimensions of ethical behavior in supervisory roles.

Understand the process of ethical decision-making and the implications of decisions on ethics in the workplace.

Awareness of the ethical implications of nepotism and its effects on fairness and transparency in the workplace.

Grasp the importance of discussing ethical implications of decisions with subordinates and promoting an inclusive decision-making process.

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Definitions:

Adjusting Entries

Entries recorded at the conclusion of an accounting period to adjust the account balances prior to the creation of financial statements.

Revenue And Expense

Key components of an income statement, with revenue representing income earned and expense depicting costs incurred in generating that income.

Correcting Entries

Journal entries made in accounting to correct previously made errors or adjustments in the financial statements.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.