Seeing Quality as the Responsibility of All People and Functions

question 31

Multiple Choice

Seeing quality as the responsibility of all people and functions in an organization is central to the concept of:

• A)Six Sigma.
• B)TQM.
• C)quality control.
• D)cycle time reduction.

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Definitions:

Gain or Loss

The financial result from selling an asset for more or less than its purchase price.

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which is typically not related to its market value.

Unamortized Premium

The portion of a bond premium that has not yet been amortized or recognized in the financial statements over time.

Par Value

The face value of a bond or stock, as specified by the issuing company, which is the minimum price at which the securities can be issued initially.