Which of the Following Variables Is at the Core of Quality

question 33

Multiple Choice

Which of the following variables is at the core of quality management?

• A) quality breakthrough
• B) quality assurance
• C) strategic planning
• D) information analysis
• E) team approach

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Definitions:

Selling Price

The amount of money for which a product is sold to the customer; it may include costs such as manufacturing, distribution, and markup.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific product, department, or segment and would disappear if the product, department, or segment were eliminated.

Net Operating Income

The total income generated from normal business operations after deducting operating expenses but before taxes and interest.

Price Hike

An increase in the cost of goods or services.