Seeing Quality as the Responsibility of All People and Functions

question 35

Multiple Choice

Seeing quality as the responsibility of all people and functions in an organization is central to the concept of:

• A) six sigma.
• B) TQM.
• C) quality control.
• D) cycle time reduction.
• E) benchmarking.

---

Definitions:

Partial Equity Method

An accounting technique used when a company has significant influence over another company but does not control it outright, recognizing income to the extent dividends are received.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue.

Annual Amortization

The process of gradually writing off the initial cost of an intangible asset over its useful life on a yearly basis.

Investment Balance

The total value of all investments held by an individual or entity at a given time, including stocks, bonds, and other securities.