What Philosophy Was Widely Adopted First by Japanese Companies and Then

question 65

Multiple Choice

What philosophy was widely adopted first by Japanese companies and then American companies during the 1980s and early 1990s, and from which the Six Sigma methodology directly descended?

• A) total quality management
• B) enterprise resource planning
• C) business process reengineering
• D) just-in-time
• E) business process outsourcing

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Definitions:

Management Accounting

The method involves creating managerial reports and financial records that deliver precise and prompt financial and statistical data needed by managers for making daily and near-term decisions.

Decision Making

The process of choosing among multiple options or courses of action, based on factors such as data analysis, strategic goals, and resource availability.

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate overheads more accurately.

Responsibility Centre

A unit or department within an organization, headed by a manager, who is accountable for its activities and financial performance.