Briefly Discuss the Principles Associated with Total Quality Management (TQM)

question 60

Essay

Briefly discuss the principles associated with total quality management (TQM).

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Definitions:

Liabilities

Amounts owed to creditors in the form of debts and other obligations.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives.

Investing Activities

Transactions that involve the purchase or sale of long-term assets and investment securities that are not considered cash equivalents.

Financing Activities

Transactions with creditors and investors affecting the equity and/or long-term liability aspects of a business's balance sheet.