Recent Question

The passage of a new FASB Standards Statement requires the support of five of the seven board members True or false: 1. An effective process of capital allocation promotes productivity and provides an efficient market for buying and selling securities and obtaining and granting credit. 2. Over 115 countries require or permit use of International Financial Reporting Standards (IFRS). 3. While objectives for financial reporting exis ...

Other / Other 28 May 2016

The purpose of Statements of Financial Accounting Concepts is to 1. The major distinction between the Financial Accounting Standards Board (FASB) and its predecessor, the Accounting Principles Board (APB), is a. the FASB issues exposure drafts of proposed standards. b. all members of the FASB are fully remunerated, serve full time, and are independent of any companies or institutions. c. all members of the FASB possess extensive experie ...

Other / Other 28 May 2016

Graphical and statistical methods to analyze data are referred to as 1. _____ is a people-focused management system that aims at continual increase in customer satisfaction at continually lower real cost. a. Kaizen b. Human resources management c. Total Quality d. Process management 2. Graphical and statistical methods to analyze data are referred to as _____ of total quality. a. practices b. tools c. actions d. processes 3. Bu ...

Other / Other 28 May 2016

An organization that is committed to total quality must apply it at three levels 1. At the performer level, for each output of an individual’s job, the manager must ask all of the following EXCEPT: a. What are the key inputs to the job? b. What is required by the customer, both internal and external? c. How can the requirements be measured? d. What is the specific standard for each measure? 2. An organization that is committe ...

Other / Other 28 May 2016

Financial statements are the principal means through which financial information is communicated to those outside an enterprise True or false: 1. Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate, and control an organiza-tion's operations. 2. Financial statements are the principal means through which financial information is communic ...

Other / Other 28 May 2016

The American Society for Quality identified seven key forces that will influence the future of quality 1. The notion of quality has evolved into the concept of _____, which can be defined as an integrated approach to organizational performance management. a. Six Sigma b. reengineering c. performance excellence d. customer-focused quality 2. Performance excellence results in all of the following EXCEPT: a. delivery of ever-improving ...

Other / Other 28 May 2016

S. C. Wheelwright identified six characteristics of a strong competitive advantage 1. The person who buys an automobile for personal use or the guest who registers at a hotel is considered an ultimate purchaser and is more precisely referred to as a (n) _____. a. beneficiary b. first contact c. consumer d. prosumer 2. S. C. Wheelwright identified six characteristics of a strong competitive advantage. Which of the following is NOT one ...

Other / Other 28 May 2016

Discuss the resulting benefits to organizations successfully using total quality 1. Discuss the resulting benefits to organizations successfully using total quality. Site research results if appropriate 2. Name four ways that a college business school student could apply quality management principles at the personal level. Give example of data that could be collected in this effort. Business Management Assignment Help, Business Man ...

Other / Other 28 May 2016

Quality assurance depends on two focal points in business 1. Which of the following refers to any activity aimed at providing customers with products of appropriate quality along with the confidence that products meet consumers’ requirements? a. Quality review b. Quality control c. Quality engineering d. Quality assurance 2. Quality assurance depends on two focal points in business: a. design of products; control of quality ...

Other / Other 28 May 2016

The transcendent definition of quality refers to the notion that “you know quality when you see it.” True or false: 1. In the early Twentieth century, the artificial separation of production workers from responsibility for quality assurance led to an increased focus on quality among both workers and their managers. 2. The measure of efficiency defined as the amount of output achieved per unit of input is referred to as pro ...

Other / Other 28 May 2016