Building Quality into the Product Rather Than Relying on Quality

question 45

Multiple Choice

Building quality into the product rather than relying on quality inspections after the product has already been made reflects a principle of

• A) scientific management.
• B) TQM.
• C) MRP.
• D) cross-functional teams.

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Definitions:

Bond Indenture

A legal contract between a bond issuer and a bondholder that specifies the terms of the bond, such as its maturity date, face value, coupon rate, and any special features.

Secured Loan

A type of loan that is backed by collateral, making it less risky for the lender since the collateral can be seized if the loan is not repaid.

Maturity Date

Due date of the promissory note.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.