Which of the Following Is a Quality Model

question 2

Multiple Choice

Which of the following is a quality model?

• A) Juran trilogy
• B) Deming's principles for transformation
• C) The Joint Commission's requirements for accreditation
• D) All of the above

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Definitions:

Accounts Payable

The amount of money a company owes its suppliers for goods and services purchased on credit.

Accounts Receivable

Financial dues from customers to a firm for goods or services that have been dispensed or availed but remain unpaid.

Inventory

An accounting term referring to goods and materials held by a business for the purpose of sale or production.

Net Present Value

A method used in capital budgeting to assess the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.