OE Is

question 28

Multiple Choice

OE is:

• A) a continuous improvement process.
• B) when the word customer is preferred over guest.
• C) a concept that's goal is to ensure continuous quality improvement of product more than service.
• D) All of the above.
• E) Both a and c

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Definitions:

Capital Expenditures

Payments made by a company to acquire or significantly improve the capacity or capabilities of long-term assets.

Interest Revenue

Income earned by an entity from lending money or making investments that bear interest.

Reportable Segments

These are components of a business where separate financial information is available and is reviewed regularly by the operating decision maker for the purpose of resource allocation and performance assessment.

Operating Profit

Earnings before interest and taxes (EBIT), an indicator of a company's profitability from its core operations excluding financing costs and taxes.