Which of the Following Are Some of the Defining Characteristics

question 67

Multiple Choice

Which of the following are some of the defining characteristics of total quality management?

• A) Emphasis of quality and continuous improvement and continuously planning, controlling, and evaluating improvement using specific measures
• B) Emphasis of profitability before quality and continuous improvement and continuously planning, controlling, and evaluating improvement using specific measures
• C) Emphasis of quality and continuous improvement and continuously reducing costs
• D) Emphasis of reducing costs and continuously planning, controlling, and evaluating improvement using specific measures

---

Definitions:

Joint Cost Allocation

The process of distributing the costs of producing two or more products from the same process where those costs cannot be directly assigned to each product.

Market Value

The current quoted price at which an asset or service can be bought or sold.

Responsibility Accounting

Responsibility accounting is a system of accounting in which costs and revenues are tracked and managed in relation to the individuals or departments that have control over those costs and revenues.

Performance Reports

Documents or dashboards that provide information on the financial or operational performance of a business or department.