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In a TQM environment, what are some steps that companies use to emphasize the importance of quality?
NPV
Net Present Value, a calculation used to assess the profitability of an investment by summing the present values of all cash inflows and outflows associated with it.
Discount Rate
The discount rate applied in the discounted cash flow method to calculate the current value of future cash flows.
Tax Rate
The rate at which a person or company is charged taxes by the state.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful lifespan.
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