Which One of the Following Is Not an Objective of TQM

question 6

Multiple Choice

Which one of the following is not an objective of TQM?

• A)Meeting customers' expectations while striving to exceed them, especially in terms of quality
• B)Incorporating improvements in all parts of the firm while continuously striving for additional improvement opportunities
• C)Reducing the time required to design and test new products
• D)Focusing on work activities to drive out inefficiencies and waste in all business processes

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Definitions:

Price Change

Refers to the fluctuation in the selling price of goods and services over time, which can impact the revenues, expenses, and ultimately the profits of a business.

Gross Profit Method

An inventory estimation technique used to calculate the cost of goods sold and ending inventory based on the gross profit margin.

Inventory Count

A physical count of products or materials a company has in stock, typically conducted periodically to ensure inventory records match actual stock levels.

Gross Profit Method

An accounting technique used to estimate the amount of ending inventory and cost of goods sold, based on the gross profit margin.