The Way of Doing Business Whose Goal Is to Eliminate

question 41

Multiple Choice

The way of doing business whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is:

• A) Total quality management.
• B) Managerial accounting.
• C) Customer orientation.
• D) Continuous improvement.
• E) Lean business model.

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Definitions:

Fixed Assets Investment

Expenditures related to acquiring or improving long-term assets such as property, plant, and equipment that will be used in business operations.

Debt-Equity Ratio

The ratio demonstrating the proportionate role of debt and equity in a company's asset financing scheme.

Payout Ratio

The percentage of a company's earnings that is paid out to shareholders in the form of dividends.

Internal Growth Rate

The internal growth rate is a measure of an organization's ability to increase its sales and profit without issuing more stock or incurring new debt.