Which One of the Following Is an Activity Not Associated

question 37

Multiple Choice

Which one of the following is an activity not associated with TQM?

• A)Tightening the bolts on a chassis so that the frame will not drop out.
• B)Redesigning the gas tank after learning fuel efficiency standards are not being met.
• C)Verifying the 10 check points associated with producing the highest quality loaf of bread.
• D)Ensuring that the mattress just manufactured meets the standard of comfort of a random factory line worker.

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Definitions:

No-par Common Stock

Shares issued without a specified face value, allowing the company flexibility in setting their price.

Stated Value

A value assigned to no-par stock by the board of directors of a company, used as the basis for capital accounts in the shareholders' equity section of the balance sheet.

Par Preferred Stock

A type of preferred stock that has a nominal face value and is entitled to dividends before any dividends can be issued to common stockholders.

Retained Earnings

Profits that a company has kept or retained rather than distributing to shareholders as dividends.