The Quality Initiative That Is Statistically Based,proactive,and Long-Term and That

question 66

Multiple Choice

The quality initiative that is statistically based,proactive,and long-term and that is designed to look at the overall business process to prevent problems is called ________.

• A) Six Sigma
• B) Total Quality Management
• C) the Control Cycle
• D) Performance Measurement
• E) Pareto chart

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained rather than distributed to shareholders or owners as dividends.

Net New Equity

The amount of equity capital a company raises through the issuance of new shares minus any shares it has bought back, reflecting the net increase in share capital.

Non-Cash Items

Expenses or incomes recorded in accounting but do not involve any actual cash flow, such as depreciation, amortization, or stock-based compensation.

Capital Spending

Expenditures by a company for physical assets like property, industrial buildings, or equipment.