Which of the Following Is Patterned After the Successful Japanese

question 119

Multiple Choice

Which of the following is patterned after the successful Japanese concept of quality circles?

• A) Supply chain management
• B) Quality improvement team
• C) Total quality management
• D) Quality ownership
• E) Value-added analysis

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Definitions:

Revenue

The total amount of money earned by a company from its business activities, such as the sale of goods and services, before any expenses are deducted.

Departmental Income Statements

Financial statements that show the operating results of each department within a company, highlighting revenues and expenses.

Profit Center

A branch or division of a business that is responsible for generating its own revenue and profit.

Cost Center

A department within an organization that does not directly add to profit but still incurs costs.