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Briefly Describe Total Quality Management (TQM)

question 68

Essay

Briefly describe total quality management (TQM).


Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or services based on their use of activities, improving costing accuracy.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.

Time-Driven

A method or process that is organized or activated based on specific time intervals or schedules.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities and resources consumed in the production process.

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