Total-Quality Management Is a Set of Principles and Practices Whose

question 23

True/False

Total-quality management is a set of principles and practices whose core ideas include doing things right the first time and striving for continuous improvement.

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Definitions:

Equity Method

An accounting technique used for recording investments in associated companies, where the investment's carrying value is adjusted to recognize the investor's share of the earnigns or losses of the investee.

Dividends Received

Payments made to shareholders out of a corporation's earnings, representing a share of the profits.

Unrealized Gains

Increases in the value of an asset that has not been sold, and thus the gain has not been "realized" through a transaction.

Comprehensive Income

The total change in equity for a business enterprise during a period from transactions and other events from non-owner sources.