The Backbone of the Process of Identifying, Studying, and Implementing

question 6

Multiple Choice

The backbone of the process of identifying, studying, and implementing best practices is

• A)business process reengineering.
• B)a corporate culture that has a core value of operating excellence.
• C)benchmarking.
• D)Six Sigma quality control techniques.
• E)the innovative application of TQM techniques.

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Definitions:

Consolidated Shareholders' Equity

This is the total equity owned by shareholders as reported in the consolidated financial statements of a parent company and its subsidiaries.

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee, typically through owning a large percentage of its stock.

Cost Method

An accounting method used to value an investment, based on the cost to acquire it plus any additional investments or deducting any reductions.

Impairment Loss

A reduction in the book value of an asset when its market value falls below its carrying amount on the balance sheet.