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Which one of the following statements is a key feature of total quality management (TQM) ?
Beginning Inventory
The value of goods available for sale at the start of an accounting period.
Administrative Expense
Expenses that are not directly tied to the production of goods or services, including salaries of executive officers, legal and office expenses.
Sales Commissions
Financial compensation paid to sales representatives, usually a percentage of the sales they generate, as an incentive to increase sales performance.
Indirect Labor
Labor costs of employees who support the production process but are not directly involved in the active production of goods or services.
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