________ Are Three of the Eight Quality Management Principles for Organizational

question 7

Multiple Choice

________ are three of the eight quality management principles for organizational improvement.

• A) Conflicted supplier relationships, process approach, and leadership
• B) Customer focus, leadership, and policy approach
• C) Customer focus, continual improvement, and involvement of people
• D) Continuous improvement, cost control, employee motivation

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Definitions:

Collateral

A form of security provided by the borrower to the lender, consisting of property or assets, that can be taken possession of should the borrower fail to repay the loan.

Unconscionability

describes a situation where a contract or clause is so unfair to one party that no reasonable or informed person would agree to it.

Good Faith

Acting with honest intent and without intent to defraud or seek unfair advantage.

Default

Failure to fulfill an obligation, especially failure to meet a financial obligation or appear in a legal action.