Which Business Practice Is a Technique Initiated by Top Management

question 121

Multiple Choice

Which business practice is a technique initiated by top management that involves all employees and all departments, and focuses on quality assurance in every product and service offered to customers?​ ​

• A) ​BRP
• B) ​SDLC
• C) ​MRP
• D) ​TQM

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Definitions:

Liquidity Ratio

Financial metrics that measure a company's ability to meet its short-term obligations using its most liquid assets.

Profitability Ratio

A class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, assets, equity, or other financial metrics.

Solvency Ratio

Financial metrics used to evaluate a company's ability to meet its long-term debt and other obligation by comparing its assets to its liabilities.

Profit Margin

A financial metric that measures the amount of net earnings a company makes as a proportion of its sales.