Fiona is in charge of quality control testing for her company. Her method of quality control is to build quality into every step of the production process. This is the total quality management approach

Indicate whether the statement is true or false

TRUE
Explanation: Since Fiona is focusing on quality at every step of the process, she is following the total quality management approach. The old method of inspection for quality control involved checking work at the end of the production process.

Business

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To be more precise in measuring interest rate risk, the runoff component of long-term mortgages should be considered in the time buckets in which the maturities actually occur.

a. true b. false

Business

Leadership in which type of marketing system is assumed not through common ownership or contractual ties but through the size and power of a single dominant channel member?

A) a horizontal marketing system B) an administered vertical marketing system C) a corporate vertical marketing system D) a conventional marketing system E) a multiple distribution system

Business