Which of the Following Statements About Total Quality Management Is

question 14

Multiple Choice

Which of the following statements about total quality management is FALSE?

• A) Workers have the authority to stop a production line if they see quality problems.
• B) Total quality management involves all employees in an organization.
• C) The quality control department, not workers, has primary responsibility for quality reliability.
• D) Quality reliability has a higher priority than does the level of output.

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Definitions:

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking down the analysis to operating, investing, and financing activities.

Operating Activities

Activities directly related to the primary operations of a business, including production, sales, and distribution, which are reflected in its cash flow.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet items to arrive at cash flow from operating activities.

Cash Dividends

Payments made by a company out of its profits to its shareholders in the form of cash.