Which of the Following Is Not One of TQM's Objectives

question 75

Multiple Choice

Which of the following is not one of TQM's objectives?

• A) improve quality
• B) lower costs
• C) increased alignment of employee goals with management's objectives
• D) increase employee participation
• E) improve customer satisfaction

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Definitions:

Resource Costs

The expenses associated with the acquisition and use of raw materials, labor, and other inputs required for the production of goods or services.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified time period.

Price-elasticity of Demand Coefficient

measures how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.