The Concept That Emphasizes That No Defects Are Tolerable and That

question 16

Multiple Choice

The concept that emphasizes that no defects are tolerable and that all employees are responsible for maintaining quality standards is called

• A) performance quality.
• B) total quality management.
• C) quality reliability.
• D) quality ownership.
• E) a quality circle.

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Definitions:

Monetary

Pertaining to money or currency, especially in terms of the management, circulation, and control of money in an economy.

Net Profits

The amount of money that remains after all operating expenses, taxes, and interest are deducted from a company's total revenue.

Stock Options

Financial instruments that give employees the right to buy or sell shares of their company's stock at a predetermined price.

Nonmonetary

Refers to benefits or values that are not based on financial gain, such as job satisfaction, work-life balance, or professional development.