According to W

question 56

Multiple Choice

According to W. Edwards Deming, a quality problem could be attributed to which of the following causes?

• A) The cause of a quality problem may be a problem with the production and operations systems itself.
• B) The cause of a quality problem may be an employee.
• C) The cause of a quality problem may be a machine.
• D) All of the options listed are potential causes of quality problems.
• E) None of the options listed are potential causes of quality problems.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, thereby preparing the accounts for the next accounting period.

Journalized

The process of recording financial transactions in a company's journal, detailing the accounts affected by each transaction.

Adjusting Entries

Are journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred, for the purpose of financial reporting accuracy.

Financial Statements

Documents that present an organization's financial activity and current financial condition, including the balance sheet, income statement, and cash flow statement.