Total Quality Management Emphasizes

question 32

Multiple Choice

Total quality management emphasizes

• A)zero defects.
• B)continual improvement.
• C)elimination of waste.
• D)all of the above.

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Definitions:

Variable Cost

Expenses that vary directly with the production output, including costs of raw materials and direct labor.

Selling Price

The amount of money for which a product or service is sold to customers.

Contribution Margin Ratio

A financial metric that measures how effectively a company can cover its variable costs with revenue, calculated as contribution margin divided by sales revenue.

Variable Cost Per Unit

The cost that changes in proportion to changes in the level of output or activity.