Which of the Following Statements Is True About Quality Management

question 24

Multiple Choice

Which of the following statements is true about quality management?

• A) A goal of quality management is increased profit.
• B) A goal of quality management is long-term cost reduction.
• C) A goal of quality management is statistical control.
• D) A goal of quality management is continuous quality improvement.

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Definitions:

Unlevered Firm

A business that operates without any debt financing, using only equity for its operations and investments.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Homemade Leverage

The use of personal borrowing to adjust the overall level of financial leverage that an individual utilizes in their investments.

Capital Structure

Describes the mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, used to finance its overall operations and growth.