Which of the Following Is True with Regard to the Deming

question 77

Multiple Choice

Which of the following is true with regard to the Deming Prize?

• A)It was introduced by the U.S.government in 1950.
• B)Today,its award is restricted to Japanese companies.
• C)Its introduction was met with a lot of resistance from the ISO.
• D)The Union of Japanese Scientists and Engineers instituted the Deming Prize.

Analyze the impact of production volume changes on costs.

Understand the concept of overhead application and selection of cost drivers in different types of organizations.

Differentiate between favourable and unfavourable variances and their implications on financial performance.

Recognize the significance of stabilizing product costs in varying business activities.

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Definitions:

Issuing Firm

A company or legal entity that releases, or brings into circulation, financial instruments like stocks, bonds, or securities.

Underwriter

A party, often a bank or financial institution, that assesses and takes on certain risks associated with issuing new securities or insuring policies.

IPO

An Initial Public Offering is the act of a private entity offering its shares to the general public for the first time, thereby transitioning into a public company.

Oversubscription Privilege

is a right or privilege granted to existing shareholders to purchase additional shares in a new issue before it is offered to the public, especially in cases where the demand exceeds the supply.