The Statement Concerning Total Quality Management (TQM) That Is Not

question 33

Multiple Choice

The statement concerning total quality management (TQM) that is not true is:

• A) it promotes an organisation-wide philosophy
• B) the units cost of the product or service generally increase slightly as quality is improved
• C) TQM is an important part of lean accounting
• D) none of the statements is untrue. i.e. all are true statements

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Definitions:

Real GDP Per Capita

Real GDP divided by the population; the best measure of an economy’s standard of living.

U.S. Job Market

The labor market in the United States, encompassing the supply of labor and demand for workers.

Average Education

The mean level of formal schooling completed by a population, often used as an indicator of human capital in economic studies.

Productivity Of Workers

A measurement of the efficiency and effectiveness of labor in producing goods and services, often quantified as output per worker.