Compared to Six Sigma,TQM Is Generally Limited to Simple Improvement

question 50

True/False

Compared to Six Sigma,TQM is generally limited to simple improvement tools and concepts.

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Definitions:

Collection Float

The time delay between when a check is written and when it is actually deducted from the payer's account, impacting the receiver's cash flow.

Disbursement Float

The time delay between when a check is issued and when the funds are actually withdrawn from the payer's account.

Ledger Balance

The total amount recorded in a company's ledger, representing the total assets, liabilities, and shareholders' equity at a specific time.

Available Balance

The amount of money in an account that is accessible for use.