Operations Was the First Functional Field of Management to Adopt

question 71

True/False

Operations was the first functional field of management to adopt quality as its own.

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Definitions:

Debt Covenants

Conditions imposed on borrowers by lenders as part of a loan agreement to protect the lender’s interests by restricting the borrower’s actions.

Earnings Target

A benchmark for financial performance set by a company, reflecting a goal for net income or earnings per share over a specific period.

Accounting Charge

An expense or cost recognized in a company's financial statements.

Discretionary Spending

Non-essential expenditures by consumers or the government, which can be adjusted based on the current financial situation.