The Technique of Total Quality Management (TQM) Was Developed by ________

question 20

Multiple Choice

The technique of total quality management (TQM) was developed by ________.

• A) Kenneth Arrow
• B) William Easterly
• C) W. Edwards Deming
• D) Kaoru Ishikawa

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Definitions:

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to gain immediate cash.

Quadratic Formula

A formula used to solve for x given a quadratic equation; x = (–b ± √(b^2 – 4ac)) / 2a.

Expense Equation

The sum of the fixed and variable expenses.

Average Cost

A method to determine the cost of goods sold or inventory valuation where all costs of acquisition are averaged over the total units available for sale.