In the Context of Quality Improvement Methods, Employee Involvement Teams

question 2

Multiple Choice

In the context of quality improvement methods, employee involvement teams primarily involve

• A) using a formal process in which teams study processes and correct problems to limit defects to 3.4 per million operations.
• B) setting up teams of employees to identify quality-related problems and come up with possible solutions.
• C) focusing the whole organization on continuously improving every business process so it satisfies customers.
• D) using statistics to monitor production quality during the production process.

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Definitions:

Operating Income

Income generated from regular business operations, excluding expenses such as taxes and interest payments.

Trading Debt Securities

Buying and selling debt instruments, like bonds, in financial markets with the aim of profiting from price fluctuations.

Current Assets

Current assets are the resources a company owns that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle, whichever is longer.

Return on Total Assets

A financial ratio that measures the profitability of a company relative to its total assets, indicating how efficiently a company uses its assets to generate profits.