The Process of Always Searching for New Ways to Improve

question 30

Multiple Choice

The process of always searching for new ways to improve work quality and performance is called __________.

• A) just-in-time
• B) supply chain management
• C) continuous improvement
• D) quality circles

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Definitions:

Cash Flow

The complete volume of cash flowing into and exiting a corporation, with a significant impact on its liquidity.

Operating Activities

Day-to-day business functions involved in running a company, typically reflected in the cash flow statement.

Dividends

Payments made by a corporation to its shareholder members, typically from profits or reserves.

Net Profit Margin

A financial metric that measures how much of every dollar of revenues is translated into profits, after all expenses are deducted.