Continuous Improvement

question 14

Multiple Choice

Continuous improvement:

• A) Is a measure of profits.
• B) Is a measure of costs.
• C) Rejects the notion of "good enough."
• D) Is not applicable to most businesses.
• E) Is possible only in service businesses.

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Definitions:

Reasonable Doubt

A standard of proof in criminal law that requires the prosecution to prove the defendant's guilt to such a degree that a reasonable person would have no question of the defendant's guilt.

Liability

A legal obligation to settle a debt or responsibility, which can arise from contracts, torts, or statutes requiring individuals or entities to compensate for losses or damages caused.

False Entries

Incorrect or misleading information entered into a record or document, particularly with the intent to deceive.

Defalcation

Misappropriation of funds or embezzlement, typically by a person trusted with the management of those funds.