One of the Most Important Contributors to Total Quality Management

question 21

Multiple Choice

One of the most important contributors to total quality management has been the introduction of statistical tools to analyze the causes of product defects, an approach called

• A)six sigma quality.
• B)concurrent engineering.
• C)value chain management.
• D)just-in-time (JIT).
• E)ISO 9001.

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Definitions:

Risky Asset

An asset that carries a higher level of financial risk when compared to safer investments, often with the potential for higher returns.

Semi-Strong Efficiency

A form of market efficiency that asserts all public information is already reflected in stock prices, making it impossible to achieve consistently higher returns.

Historical Information

Past data or records that provide context or insight into an event, individual, or institution's background.

Market Prices

The current price at which an asset or service can be bought or sold in a market, determined by the supply and demand forces.