According to the Text, Which Statement Best Explains Toyota's Quality

question 26

Multiple Choice

According to the text, which statement best explains Toyota's quality and safety problems in 2010?

• A) poor response to consumer complaints by Toyota leaders
• B) lack of emphasis on lean manufacturing by Toyota leaders
• C) failure of Toyota leadership to develop innovative technology
• D) inability of Toyota leaders to modify culture to match new strategy

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Definitions:

Short-term Investments

Financial assets that are expected to be converted into cash or sold within a short timeframe, usually one year or less.

Zero-balance Account

A checking account set up to maintain a balance of zero by automatically transferring funds from a master account in the exact amount of transactions.

Miller-Orr Model

A financial model used for managing cash balances by setting upper and lower limits on cash reserves.

Upper Cash Limit

The maximum cash balance a company sets to hold on hand, beyond which excess funds are usually invested in short-term securities.