Which of the Following Is Not One of the Eight

question 25

Multiple Choice

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

• A)Pursue quality at the source.
• B)Emphasize prevention rather than detection of defects.
• C)Focus on process rather than output.
• D)Establish continuous improvement as a way of life.
• E)Stress subjective rather than objective analysis.

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Definitions:

Total Assets

The sum of all current and long-term assets owned by a company, representing its total resources or what it owns.

Retention Ratio

The percentage of net earnings held back in the company instead of being distributed to stockholders in the form of dividends.

Selling And Administrative Expenses

Costs incurred by a company that are not directly tied to product manufacturing, including expenses like marketing, salaries of sales personnel, and management salaries.

Interest Expense

The cost incurred by an entity for borrowed funds, often expressed as an annual percentage of the principal.