A Successful TQM Program Incorporates All EXCEPT Which of the Following

question 159

Multiple Choice

A successful TQM program incorporates all EXCEPT which of the following?

• A) continuous improvement
• B) employee involvement
• C) benchmarking
• D) centralized decision-making authority
• E) JIT

Apply activity rates to determine the cost allocation for different activity cost pools.

Interpret data from ABC systems to determine product costs.

Use ABC information to calculate product margins.

Evaluate the impact of overhead allocation on product pricing and profitability.

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Definitions:

Relevant Activities

Activities that significantly affect the returns of an investment or project under consideration.

Funding Structure

Refers to the composition of an organization’s capital, including the mix of its debt and equity financing.

Parent Entity

A company that holds a controlling interest in one or more subsidiaries, giving it control over their operations and policies.

Sub-groups

are smaller, specific groups formed within a larger group, often with a particular focus or task within the broader organization or study.