According to Deming, Which of the Following Is a Creative

question 85

Multiple Choice

According to Deming, which of the following is a creative idea for enhancing organizational success?

• A) Create relevant policies on quality management that are clear and unambiguous.
• B) Develop communications systems that allow managers to respond immediately to quality issues.
• C) Encourage self-development of workers as more useful players in maintaining quality.
• D) Begin each management meeting with a factual and financial review of quality.
• E) Dedicate the quality management function to measuring conformance to requirements.

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Definitions:

Risk Tolerance

An individual's or financial entity's capacity to endure loss or volatility in investment value while attempting to achieve investing goals.

Weighted Average Cost

A calculation that takes into account the various costs of goods based on their relative weights, to arrive at an average cost per unit.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received but were sacrificed in the pursuit of another option.