Which of the Following Is a Management Philosophy That Focuses

question 26

Multiple Choice

Which of the following is a management philosophy that focuses on satisfying customers through empowering employees to be an active part of continuous quality improvement of all aspects of the company's operations?

• A) cannibalization
• B) total quality management (TQM)
• C) Six Sigma
• D) ISO 9000
• E) ISO 14000

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Definitions:

Invoices

Documents issued by a seller to a buyer, detailing products or services provided, prices, terms of sale, and payment instructions.

Payroll Documents

Records related to the payment of employees, including details on wages, deductions, and hours worked.

Accounts Payable

The amount of money a company owes to its creditors for goods or services that have been delivered or used but not yet paid for.

Double-Entry Bookkeeping System

An accounting principle where each financial transaction is recorded in two accounts, ensuring the books are always balanced.