Implementation of _____ Is a Companywide Effort to Continuously Improve

question 29

Multiple Choice

Implementation of _____ is a companywide effort to continuously improve the ways people, machines, and systems accomplish work.

• A)six sigma
• B)total quality management
• C)quality control
• D)process decision program chart
• E)activity network diagram

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Definitions:

Control Account

An account used in accounting to summarize and manage detailed information while keeping the general ledger free of clutter.

Expense Account

An account used to track expenses incurred, which are then offset against revenue to determine net profit.

Raw Materials Inventory

The total cost of all the raw materials that are used in production and currently stored by a company.

Materials Received

Refers to the quantity and cost of raw materials received by a company for use in production during a specific period.