Which of the following is a core value associated with total quality management?
A) Lack of involvement of vendors, suppliers, and customers
B) Managers measure progress with feedback based on data
C) A shift in focus from internal to external customers
D) Cost is no longer a point of focus
E) Stress on minimal training
Answer: B) Managers measure progress with feedback based on data
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On January 1, 2016, Martini, Inc acquired a machine for $1,050,000
The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $100,000. What is the book value of the machine at the end of 2017 if the company uses the straight-line method of depreciation? A) $630,000 B) $670,000 C) $570,000 D) $629,996
An example of a conflict trigger over values may occur when a supervisor expects an employee to follow her instructions implicitly, and the employee feels the need to ask lots of questions regarding the basis for such instructions
Indicate whether the statement is true or false.