Which of the Following Is Not One of the Eight

question 55

Multiple Choice

Which of the following is not one of the eight key principles of total quality management?

• A)Define quality in terms of customers and their requirements.
• B)Inspect for quality at the end of the production line.
• C)Stress objective rather than subjective analysis.
• D)Strive for zero defects.
• E)Make quality everyone's responsibility.

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Definitions:

Average Fixed Assets

The mean value of a company's fixed assets, like plant and equipment, calculated over a specific period of time.

Double-Declining Balance Method

A method of accelerated depreciation calculating an asset's loss of value at double the rate of the straight-line depreciation method.

Depreciation Expense

The allocated amount of an asset's cost that is written off as an expense over its useful life, reflecting the consumption of the asset.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life.