Variability as the Source of Most Quality Problems Was a Major

question 20

Multiple Choice

Variability as the source of most quality problems was a major contribution of which quality management thought leader?

• A)Juran
• B)Imai
• C)Crosby
• D)Deming

Understand the role of the Uniform Commercial Code in standardizing commercial transactions.

Learn about the historical development and significance of Lex Mercatoria in international commercial law.

Understand the legal classification of contracts (void, voidable, unenforceable, and executed contracts).

Differentiate between contracts and agreements and understand the requirements for legal enforceability.

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Definitions:

Certificated Options

Options to buy or sell assets, especially securities, which are recognized and documented by a certificate.

Transferable

The characteristic of an asset or a legal right that allows it to be legally transferred or assigned from one party to another.

Warrants

Legal documents issued by a court or government authority that give law enforcement the power to perform certain actions, such as arrests or searches; also refers to financial instruments granting the right to purchase stock at a specified price.

De Facto Corporation

A business entity that operates like a corporation without formal incorporation status, but is treated as a corporation by law under certain conditions.