Total Quality Management

question 88

Multiple Choice

Total quality management:

• A) involves keeping the responsibility for quality control with the management
• B) has significant implications for organization goals, structure, and management control systems
• C) is used by all U.S. companies
• D) is the application of quality principles in the quality control department

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Definitions:

Current Account Deficit

A situation where a country's spending on foreign trade and investment exceeds its income from the export of goods and services.

Foreigners

Individuals from a country other than the one in which they are currently present, often referring to non-citizens or non-natives.

Dollars

The official currency of the United States, also used in other countries as an official or de facto currency.

Merchandise Trade

involves the import and export of goods between countries without including services, focusing on physical products.