Which of the Following Are True About Total Quality Control

question 57

Multiple Choice

Which of the following are true about total quality control?

• A)Total quality control is an approach to differentiate and reduce overall quality costs.
• B)Total quality control demands production of defect-free products.
• C)Total quality control links suppliers closely with the firm.
• D)All of these statements are true about total quality control.

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Definitions:

IRR

Internal Rate of Return; a financial metric used to evaluate the profitability of a potential investment, calculating the discount rate at which the net present value of costs and benefits equals zero.

Cost of Capital

The necessary rate of earnings a firm must obtain from its investments to preserve its market worth and secure capital.

Initial Investment

The amount of money invested at the start of a project or business venture to get it off the ground.

Positive Future Cash Flows

The expectation or projection of an increase in the amount of money flowing into a company over a period of time, typically resulting from operations, investments, or financing activities.