Which Business Practice Is a Technique Initiated by Top Management

question 121

Multiple Choice

Which business practice is a technique initiated by top management that involves all employees and all departments, and focuses on quality assurance in every product and service offered to customers?​ ​

• A) ​BRP
• B) ​SDLC
• C) ​MRP
• D) ​TQM

Understand the stages of capital expenditure decision process and how to apply NPV and IRR methods for risk assessment and ranking of investment proposals.

Understand the concept of cash flows in capital budgeting and distinguish between cash outflows and non-cash charges.

Recognize the importance of the time value of money in evaluating capital expenditure proposals.

Understand the characteristics and applications of payback and accounting rate of return methods in capital budgeting.

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Definitions:

Subordinate's Work

The tasks and responsibilities assigned to an employee or team member who reports to a supervisor or manager.

Decision

A choice made after consideration of options and usually involving a degree of judgment or conclusion.

Chart

A graphical representation of data designed to make the information easily understandable at a glance.

Distinctive Competition

Is the unique competitive edge or positioning that sets an entity apart from its competitors in the marketplace.