Examlex
Describe the five most commonly used tools for TQM.
Management
Management involves the activities associated with running a company, such as controlling, leading, monitoring, organizing, and planning, to achieve business goals.
Account Receivable
Outstanding payments from customers to a company for delivered products or completed services.
Future Money
The concept of valuing funds scheduled to be received or paid out in the future, adjusted for time, inflation, or other financial factors.
Business Activity
Any action undertaken by individuals or companies, such as buying, selling, marketing, or production, aimed at generating income.
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