Explain the Difference Between Quality Management Practices Prior to the 1900s

question 124

Essay

Explain the difference between quality management practices prior to the 1900s with quality management in the 1990s.

---

Definitions:

Amortization of Bond Discount

The gradual reduction of a bond discount over the life of the bond, transferring it from the balance sheet to interest expense on the income statement.

Semiannual Interest

Interest that is calculated and paid twice a year on investments or loans.

Straight-line Method

A method of allocating an asset's cost evenly across its useful life.

Installment Note Payable

A debt or loan that is to be returned to the lender in regular periodic payments.