One of the main reasons that implementation of a total quality management program works better through the use of teams is:

• A.Teams are more efficient and help an organization reduce its staffing.
• B.Employee motivation is always higher for team members than for individual contributors.
• C.Teams are a natural vehicle for sharing ideas, which leads to process improvement.
• D.The use of teams eliminates the need for supervision, thereby allowing a company to reduce staffing.

Correct Answer: C

TQM promotes teamwork by modifying or eliminating traditional and rigid) vertical hierarchies and instead forming flexible groups of specialists. Duality circles, cross functional teams, and self managed teams are typical formats. Teams are an excellent vehicle for encouraging the sharing of ideas and removing process improvement obstacles. Listed below are costs of quality that a plans to prepare a report that classifies costs, internal failure costs, and extern:

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Preferred stock has [List A] like common stock and [List B] payment like bonds.

• A.No maturity date
  No fixed periodic
• B.A maturity date
  fixed periodic
• C.List A
  List B
• D.A maturity date
  No fixed periodic
  No maturity date
  A fixed periodic

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Which of the following is true regarding an organization's relationship with external stakeholders?

• A.Legal representation should be consulted before releasing internal audit information to other assurance
• B.Specific guidance must be followed when interacting with nongovernmental organizations.
• C.There are several internationally recognized standards for dealing with financial donors.
• D.Disclosure laws tend to be consistent from one jurisdiction to another.

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The greatest advantage of functional departmentalization is that it:

• A.Provides for efficient use of specialized knowledge .
• B.Accommodates geographically dispersed companies
• C.Helps to focus on the achievement of organizational goals.
• D.Facilitates communication between primary functions.

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