The Two Basic Aspects of Quality Are Quality of Design

question 10

Essay

The two basic aspects of quality are quality of design and conformance quality. Define and give an example of each.

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Definitions:

Dividends

Awards made by a business to its shareholders, usually resulting from the disbursement of profits.

Voting Rights

The entitlement of shareholders to vote on corporate matters and decisions during stockholders' meetings.

Additional Paid-In Capital

The amount of capital contributed by shareholders above the par value of the shares.

Treasury Stock

Refers to shares that were once part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.