Match the Principle of Quality Improvement with Its Key Benefits

question 8

Multiple Choice

Match the Principle of Quality Improvement with its Key Benefits.
-Activities are evaluated, aligned, and implemented in a unified way

• A)Customer focus/patient focus
• B)Leadership
• C)Involvement of people
• D)Process approach
• E)System approach to management
• F)Continual improvement
• G)Factual approach to decision making
• H)Mutually beneficial supplier relationships

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Definitions:

Equivalent Unit

A measurement used in process costing to equate the work done on units in progress to a number of fully completed units.

Weighted-Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all units available.

Conversion Costs

Costs incurred to convert raw materials into finished goods, including direct labor and manufacturing overhead.

Equivalent Unit

A concept used in process costing that converts partially completed units into a smaller number of fully completed units to measure and allocate costs accurately.