Which of the Following Points for Management Devised by Deming

question 22

Multiple Choice

Which of the following points for management devised by Deming involves the management committing resources to ensure that the quality job is completed?

• A) constantly improve the system
• B) eliminate work standards
• C) improve leadership
• D) adopt a new philosophy
• E) create constancy of purpose

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Definitions:

Income Statement Method

An accounting methodology used for calculating income and expenses to determine a company's net profit or loss over a specific period.

Tangible Assets

Assets owned by a business that can be seen and examined.

Intangible Assets

Assets that have value to a business but are not visible.

Long-Term Equity

Investments in stocks or other equity instruments that are intended to be held for a period longer than one year for potential appreciation in value.