Which of the Following Is the Overall Goal of Total

question 35

Multiple Choice

Which of the following is the overall goal of total quality management (TQM) ?

• A) achieving radical innovation
• B) increasing environmental richness
• C) decreasing bargaining power of suppliers
• D) achieving continuous improvement

---

Definitions:

Expansion

The phase of the business cycle where economic activities and production levels increase, leading to growth in GDP and employment.

Indexed Equity Mutual Fund

An equity mutual fund that holds a portfolio of stocks that matches their share (or weight) in a broad stock market index such as the S&P 500. The overhead of these funds is usually quite low because their expenses on stock trading and research are low.

Managed Equity Fund

An investment fund in which a manager or management team makes decisions about how to allocate assets in a portfolio of equities.

Operating Costs

Refers to the day-to-day expenses involved in running a business, such as rent, utilities, and payroll.