What Is TQM and What Are Its Essential Ingredients

question 57

Essay

What is TQM and what are its essential ingredients?

Learn about the stages of change theory and its application to behavior modification.

Understand the ecological model and the levels of factors influencing behavior.

Understand the basic concepts and significance of proxemics in communication.

Differentiate between verbal and nonverbal modes of communication and their impact on self-esteem and message delivery.

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Definitions:

Unequal Lives

Unequal lives refer to the comparison of investments or projects that have different durations or lifespans, complicating the analysis of their profitability or worth.

Positive Cash Flows

A situation where the cash inflows in a given period are greater than the cash outflows, indicating financial health.

Common Time Period

The standard duration used for comparing financial performance or investment returns across different assets or projects.

NPV Profile

A graphical representation depicting the relationship between the Net Present Value (NPV) and various discount rates.