According to Point One of Deming's 14 Points for Quality

question 29

Multiple Choice

According to point one of Deming's 14 points for quality improvement,the responsibility of improving a firm's competitive position lies with ______.

• A)top management
• B)suppliers
• C)middle management
• D)employees

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Definitions:

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a share of the company's profits.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership of a portion of a company, giving the holder voting rights.

Long-term Debt

Borrowed money that a company or individual must repay over a period longer than one year.

Equipment Trade

The act of exchanging one piece of business equipment for another, often to upgrade or replace assets.