Unlike Some Other Organizational Change Initiatives, TQM Is

question 55

Multiple Choice

Unlike some other organizational change initiatives, TQM is

• A)fast and continuous.
• B)slow and continuous.
• C)fast and episodic.
• D)slow and episodic.
• E)fast and sporadic.

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Definitions:

Laspeyres Price Index

A measure of price changes that uses the quantities of goods and services purchased in a base period to calculate the index.

Paasche Price Index

A price index that measures the price changes between the current and a base period, weighted by the current period's spending patterns.

Goods Double

A situation where the quantity of goods available or produced doubles without a change in quality.

Laspeyres Price Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the type consumed during a base period.