Which of the Following Is Not One of Deming's 14

question 17

Multiple Choice

Which of the following is not one of Deming's 14 Points?

• A)Use Lowest-Tender Contracts
• B)Have Constancy of Purpose
• C)Institute Leadership of People
• D)Break Down Barriers

---

Definitions:

Asset Turnover Ratio

A financial metric that measures how efficiently a company uses its assets to generate sales revenue.

Receivables Turnover Ratio

A financial ratio indicating how efficiently a company collects on its accounts receivable, calculated as net credit sales divided by average accounts receivable.

Gross Accounts Receivable

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for, before any deductions for returns or bad debts.

Credit Sales

Credit sales refer to transactions where goods are sold and payment is allowed at a later date, extending credit to the buyer.