A Quality Guru Named Philip Crosby Suggested a General Approach

question 33

True/False

A quality guru named Philip Crosby suggested a general approach to quality management should involve prevention,not inspection.

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Definitions:

Total Effect

The overall impact or outcome that results from a particular action or set of circumstances, often used in the context of economic or policy analysis.

Stockholders' Equity

The ownership interest of shareholders in the assets of a company after all debts have been paid off.

Statement of Stockholders' Equity

A financial statement that shows changes in the equity section of a company's balance sheet during a period, including net income, dividends paid, and other equity transactions.

Treasury Stock

Securities initially sold to the public and later repurchased by the company that issued them, diminishing the number of shares circulating in the market.