Wayne Thomas Has Recently Taken Over as Head of Quality

question 11

Multiple Choice

Wayne Thomas has recently taken over as head of quality assurance at Talladega Motors with the aim to overhaul the quality improvement procedures in place. After extensive studies conducted on the operations of the organization, Wayne decides that the company will have to proceed with a reengineering approach for quality improvement. Which of the following actions is Wayne most likely to initiate in keeping with the decision to reengineer the quality management system?

• A) reorganizing work around different tasks, such as procurement, assembly, and testing
• B) outsourcing the purchasing and accounting functions of the production department in order to streamline the production process
• C) providing each of the company's five manufacturing plants with an autonomous purchasing department to improve responsiveness to local manufacturing needs
• D) building control into the process by vesting greater decision-making authority with divisional supervisors at the manufacturing plants
• E) segregating the production processes for engines, chassis, and other spares, and assembling the final product only at the final stage

Understand the differences between IFRS and GAAP in terms of asset valuation and depreciation.

Calculate depreciation expenses using different methods such as straight-line, double-declining balance, sum-of-the-years'-digits, and activity method.

Identify and correct the impact of changes in depreciation estimates on financial statements.

Understand and calculate depreciation for both financial reporting and tax purposes, including MACRS and straight-line for tax purposes.

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Definitions:

Avoidance-avoidance Conflict

A psychological conflict that occurs when an individual is compelled to choose between two equally unattractive options or outcomes.

Approach-avoidance Conflict

A psychological conflict that occurs when a goal or situation has both positive and negative aspects, making the decision-making process challenging.

Approach-approach Conflict

A psychological conflict that occurs when a person has to choose between two attractive goals or outcomes.

Double approach-avoidance Conflict

A psychological conflict that occurs when a person faces a choice between two options, each having both appealing and negative aspects.