Which of the Following Is True Regarding the History of Quality

question 46

Multiple Choice

Which of the following is true regarding the history of quality management?

• A)During the Industrial Revolution, workers on the shop floor began to take on increased responsibility for quality.
• B)Six Sigma was developed in Japan as a cost reduction approach during the 1970s.
• C)Deming's diagram of a value chain emphasized the importance of consumers and suppliers in supporting continuous quality improvement.
• D)Beginning around 1950, Deming and Juran began educating top U.S.managers, which lead to the growth and development of quality management in the U.S.

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Definitions:

Contribution Margin

The amount by which a product's selling price exceeds its total variable costs, used to cover fixed costs and contribute to net profits.

Variable Expense Ratio

A financial metric that represents the proportion of variable expenses to sales revenue, indicating how much variable costs change in response to sales activity.

Break-even Point

The level of production or sales at which total costs equal total revenue, resulting in no net loss or gain.

Degree of Operating Leverage

A measure indicating how much sales revenue will translate into changes in operating income due to the proportion of fixed and variable costs.