Deming's Profound Reflective Thinking System Consists of Four Interrelated Parts

question 12

Multiple Choice

Deming's Profound Reflective Thinking system consists of four interrelated parts.Which of the following is NOT one among them?

• A)Appreciation for a system
• B)Understanding variation
• C)Theory of quality
• D)Psychology

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Definitions:

Balance Sheet

A Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into its financial condition.

Service Revenue

Service revenue is the income a company generates from providing services, as opposed to selling physical goods.

Asset Increase

A rise in the total value of a company's assets, which can result from additional investments, improved asset values, or acquisition of new assets.

Creditor

An individual or institution to which money is owed.