Which of the Following Is a Management Philosophy That Focuses

question 127

Multiple Choice

Which of the following is a management philosophy that focuses on satisfying customers through empowering employees to be an active part of continuous quality improvement?

• A)cannibalization
• B)total quality management (TQM)
• C)Six Sigma
• D)ISO 9000
• E)ISO 14000

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting current market conditions and valuation techniques.

Business Valuation

The process of determining the economic value of a business enterprise or ownership interest using various valuation techniques.

Shareholders

Individuals or entities that own shares in a company, making them part owners and possibly entitling them to dividends.

Contingent Consideration

An additional payment in a transaction that depends on the future outcomes or events.