Programs That Attempt to Blend All of the Functions of a Business

question 21

Multiple Choice

Programs that attempt to blend all of the functions of a business into a holistic, integrated philosophy built around teamwork, productivity, and customer satisfaction are called

• A) Six Sigma programs.
• B) total care programs.
• C) total quality management programs.
• D) customer focus programs.

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Definitions:

Fiscal Year

A 12-month period that businesses and governments use for accounting purposes, which may or may not align with the calendar year.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not under direct governmental control.

Excess Burden

The economic inefficiency that arises when market behavior is altered due to a tax or subsidy, leading to a loss in economic welfare beyond the tax collected or subsidy paid.

Tax Compliance

The degree to which taxpayers adhere to tax laws, including accurate reporting and timely payment of taxes.