Continuous Improvement Is a Philosophy That

question 101

Multiple Choice

Continuous improvement is a philosophy that

• A) ensures there are plenty of quality inspectors to find areas for improvement.
• B) utilizes problem- solving techniques within work teams.
• C) waits until a big problem occurs, then systematically solves it.
• D) encourages the use of statistical process control specialists to reduce the need for employees to learn complicated statistical methods.

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Definitions:

Convertible Debt

A type of investment or loan that can be converted into equity, or shares, of the borrowing company under certain conditions, often used by startups.

Valuation

The process of determining the present value of an asset or a company.

Venture Capitalist Funds

Funds pooled from investors for the purpose of investing in startup companies and small businesses with the potential for long-term growth.

Professional Investor

An individual or entity that invests in various financial instruments or assets as a primary occupation, often with considerable experience and resources.