The TQM View of Organizational Structure States That

question 11

Multiple Choice

The TQM view of organizational structure states that:

• A)Employees must support management decisions.
• B)Management must support employees.
• C)Customers want quality products.
• D)Middle management must support and enforce top management decisions.

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Definitions:

Interest-on-Interest

Earnings on the reinvestment of previous interest payments on fixed income investments or savings.

Reinvested

The process of using earned profits or dividends to purchase additional shares or assets, rather than distributing them as dividends.

Investment

Allocation of resources, such as time, money, or effort, in hope of future benefits or returns.

Future Value

The eventual worth of an asset or cash that matches the value of a predetermined present sum.