Which One of the Following Is Not a Tool That

question 27

Multiple Choice

Which one of the following is not a tool that company managers can use to promote continuous improvement (operating excellence) in performing value chain activities?

• A) Variability reduction analysis in work processes
• B) Six Sigma quality control techniques
• C) Total quality management (TQM)
• D) Business process reengineering
• E) Adoption of standard industry techniques

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Definitions:

Investment

The act of distributing funds or resources in anticipation of earning profits or income.

Interest

The fee earned from lending money or the cost incurred for borrowing money, often expressed as an annual percentage rate.

Interest Rate

The part of a loan that incurs interest charges for the borrower, usually shown as an annual percent of the outstanding loan.

Investment

Allocating resources, such as capital or time, with the expectation of generating an income or profit.