For Successful Total Quality Management (TQM)

question 28

Multiple Choice

For successful total quality management (TQM) ,

• A)quality is evaluated externally by customers after delivery.
• B)suggestions for improvement are provided by high-level managers only.
• C)managers in every function must cooperate.
• D)additional steps in the production process must be implemented.
• E)a just-in-time inventory shouldn't be used.

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Definitions:

Economic Theory

A set of principles and methodologies that explain how economies function, covering topics from microeconomics to macroeconomics.

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The organized way a society allocates its resources and distributes goods and services among its population.

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A short-term economic slump characterized by a reduction in business and industrial activities, usually signified by a GDP decrease over two back-to-back quarters.

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Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's growing over time.