Match the Following: -Quality Circle

question 41

Multiple Choice

Match the following:
-Quality circle

• A)Simple rules used to determine final group decisions
• B)A symptom of groupthink
• C)A technique for group decision making
• D)A small group of employees who work voluntarily on company time, to address work-related problems such as quality control and cost reduction
• E)A team that is part of an organization's structure and is empowered to act on its decisions regarding product
• and service quality

---

Definitions:

Relevant Exchange Rates

Exchange rates that are applied to convert foreign currencies into the reporting currency, crucial for accurately recording transactions in financial statements.

Inventories Write-down

The process of reducing the book value of inventory to its market value when the market value is lower than the cost, resulting in a recognized loss.

Gain on Revaluation

occurs when an asset's carrying amount is increased due to its revaluation, indicating a rise in the fair value of the asset over its previous book value.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.