Total Quality Management Focuses On

question 23

Multiple Choice

Total quality management focuses on:

• A)creating buyer/supplier dependence
• B)computer-aided design
• C)continuous improvement
• D)creating transactional relationships
• E)stakeholder harmony

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Definitions:

Standard Costs

Predetermined costs to manufacture a product, serving as a benchmark for measuring performance.

Actual Costs

The real costs incurred by a business during a specific period, as opposed to budgeted or forecasted costs.

Standard Costs

Predetermined or estimated costs of manufacturing, used for budgeting and assessing performance.

Management Tool

A management tool encompasses various strategies, techniques, or software used by managers to improve decision-making, efficiency, and effectiveness within an organization.