The Continuous Process of Measuring the Standards Set by an Organisation's

question 56

Multiple Choice

The continuous process of measuring the standards set by an organisation's most effective and efficient competitors is known as:

• A) Six Sigma
• B) continuous improvement
• C) benchmarking
• D) total quality management
• E) quality circles.

Learn when to use different sentence lengths effectively within documents.

Understand the purposes and proper use of bulleted and numbered lists in business writing.

Recognize the utility of informative headings and subheadings in guiding readers through a document.

Comprehend the revision process and its significance in improving the first drafts.

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Definitions:

Current Ratio

Current assets/current liabilities. Measures the ability of the firm to pay off its current liabilities by liquidating current assets.

Acid Test

A stringent test that measures the liquidity of a company by calculating its quick assets (excluding inventory) against its current liabilities.

ROA

Return on Assets represents a financial metric that measures a company's profitability in relation to its overall assets.

Capital Structure

The mix of different forms of external funds used by a firm to finance its activities, including debt and equity.