Which of the Following Is Regarded as the Best Approach

question 67

Multiple Choice

Which of the following is regarded as the best approach to prevent mistakes in a process because of its ability to avoid rework and wastage of time and resources?

• A)Identifying potential defects and errors and stopping a process before they occur
• B)Conducting a cost-benefit analysis to determine the impact of stopping a process
• C)Designing potential defects and errors out of the process
• D)Identifying defects and errors soon after they occur and quickly correcting the process

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Definitions:

Cash Budget

A schedule showing cash flows (receipts, disbursements, and cash balances) for a firm over a specified period.

Quick Ratios

A measure of a company's ability to meet its short-term obligations with its most liquid assets, providing insights into financial health.

Debt Management Ratios

Financial ratios that indicate the degree to which a company is financed by debt and its ability to repay it.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment.