Which One of the Following Statements Is a Key Feature

question 143

Multiple Choice

Which one of the following statements is a key feature of both TQM and Six Sigma?

• A) Quality is primarily the responsibility of all employees in the organization.
• B) Quality is primarily the responsibility of the quality control department.
• C) Quality is primarily the responsibility of the production department.
• D) Quality is primarily the responsibility of top management.

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Definitions:

Required Production

The quantity of goods a company needs to produce in a specific period to meet its sales goals and inventory requirements.

Budgeted Sales

Budgeted sales refer to the projected amount of sales (in units or revenue) that a company expects to achieve within a certain period, as outlined in its budget.

Credit Sales

Sales transactions in which the purchase amount is charged to the buyer’s account, to be paid at a later date.

Finished Goods Inventory

The stock of completed products that are ready to be sold to customers.