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In a TQM Environment, What Are Some Steps That Companies

question 42

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In a TQM environment, what are some steps that companies use to emphasize the importance of quality?


Definitions:

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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