Which of the Following Is a Management Philosophy on Increasing

question 22

Multiple Choice

Which of the following is a management philosophy on increasing profitability by improving the quality of products and processes?

• A) Balanced scorecard management
• B) Costs of quality measurement
• C) Process management
• D) Total quality management

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Definitions:

CSR

Corporate Social Responsibility, a business model in which companies integrate social and environmental concerns in their operations and interactions with their stakeholders.

Broader Welfare

A concept referring to the general health, happiness, and well-being of a population or community.

Virtuous Circle

What occurs when socially responsible behaviour improves financial performance, which leads to more responsible behaviour in the future.

CSR

Corporate Social Responsibility, a business model that helps a company be socially accountable to itself, its stakeholders, and the public.