Deming, the Proponent of Total Quality Management, Argued That

question 7

Multiple Choice

Deming, the proponent of total quality management, argued that:

• A) work standards should be defined only as quotas and numbers.
• B) supervision is not essential for quality improvements.
• C) management should train employees in new skills.
• D) products should be certified with standards such as ISO 9000.

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Definitions:

Cash Expenditures

Outflows of cash for expenses or investments, often tracked to monitor financial health and cash management.

Monthly Ending Inventories

The quantities and valuation of goods available for sale or use, recorded at the end of each month.

Budgeted Production

The estimated amount of goods that a company plans to produce in a certain period, used in planning and cost control.

Merchandise Purchases

The total cost of goods bought for resale during a specific accounting period, excluding any discounts or allowances.