Which of the Following Is Most Likely to Be a Characteristic

question 8

Multiple Choice

Which of the following is most likely to be a characteristic of an organization that implements TQM?

• A) The organization uses centralized decision-making.
• B) The managers in the organization assume the role of supervisor rather than facilitator.
• C) The employees in the organization are empowered.
• D) The organization has tall hierarchy of authority.

---

Definitions:

Taxicab Rides

The service provided by a vehicle licensed to transport passengers in return for payment, usually determined by a meter.

Economic Theory

A framework or set of principles explaining how economies function and how economic agents interact.

Quota Rent

The extra profit that producers can make when supply is artificially restricted by an import quota.

Demand Price

The highest price that consumers are willing to pay for a good or service at a given quantity.