Match the Term with Its Definition

question 118

Multiple Choice

Match the term with its definition. Some terms may not be used.
-An all-encompassing management approach to providing high-quality products or services

• A)Acceptance sampling
• B)Attributes
• C)Bottleneck
• D)Constraint
• E)Inspection
• F)ISO 9000
• G)Operations
• H)Operations management
• I)Poka-yoke
• J)Quality
• K)Total quality management
• L)Variables

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Definitions:

Paid-In Capital

Paid-in capital is the amount of money investors have contributed to a company in exchange for equity.

Retained Earnings

The portion of net income not distributed to shareholders and instead reinvested in the company or used to pay off debt.

Common Stock

A type of security that represents ownership in a corporation, with voting rights and potential for dividends.

Stated Value

A value assigned to no-par value stock by the board of directors of a company and used for accounting purposes.