Match the Following Activities with the Deming Cycle Stages 1

question 474

Multiple Choice

Match the following activities with the Deming Cycle stages 1. Monitor, Measure and Review
2) Continual Improvement
3) Implement Initiatives
4) Plan for Improvement

• A) 1 Plan, 2 Do, 3 Check, 4 Act
• B) 3 Plan, 2 Do, 4 Check, 1 Act
• C) 4 Plan, 3 Do, 1 Check, 2 Act
• D) 2 Plan, 3 Do, 4 Check, 1 Act

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Definitions:

Direct Material B

Specified materials that are directly traceable to the manufacturing of a product and constitute a significant portion of production cost.

Finished Goods Inventory

Manufactured products that are complete and ready for sale, recorded as an asset on the balance sheet until sold.

Raw Materials Inventory

The total cost of all the components and materials held by a company that are eventually used in the production process.

Gross Margin

The difference between the revenue earned from sales and the cost of goods sold, indicating the profitability from the core business activities before administrative and other expenses.