Which of the Following Best Represents the Check Step in the Plan-Do-Check-Act

question 30

Multiple Choice

Which of the following best represents the Check step in the Plan-Do-Check-Act (PDCA) cycle?

• A)Take actions to lower costs, change resource allocations, improve the quality, cycle time and flexibility of processes, modify the product mix, change customer relationships, and redesign and introduce new products.
• B)Measure and monitor ongoing performance and take short-term actions based on the measured performance.
• C)Define the organization's purpose and select the focus and scope of its strategy.
• D)Implement the chosen course of action.

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Definitions:

Indirect Method

A financial reporting approach used to generate a statement of cash flows by adjusting net income for changes in non-cash account balances.

Declared

Often refers to the official announcement by a company's board of directors of a dividend or other corporate action.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Original Cost

The initial monetary value of an asset, including the purchase price and any related acquisition costs, but before depreciation or amortization.