The Japanese Believe That Successful Total Quality Management Can Be

question 52

Multiple Choice

The Japanese believe that successful total quality management can be achieved by going to the one True source of information called the ________.

• A) sigma
• B) gemba
• C) ISO
• D) gestalt

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Definitions:

Catch-Up Effect

The theory that poorer economies will tend to grow at faster rates than wealthier ones, allowing them to catch up in terms of income and other economic measures.

Capital

Refers to assets or resources that businesses or individuals use to generate wealth through investment.

Saving Rates

The proportion of disposable income that individuals or an economy as a whole save rather than spend on consumption.

Income Growth

An increase in the amount of money earned by individuals or households over time.