One of the Four Principles of TQM Is

question 35

Multiple Choice

One of the four principles of TQM is

• A) do it right the first time.
• B) inspecting everything twice.
• C) striving for zero defects.
• D) people are the biggest threat to quality improvement.
• E) technology is the key.

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Definitions:

Natural Rate of Unemployment

The level of unemployment consistent with a stable rate of inflation, determined by the structure and dynamics of the labor market.

Phillips Curve

An economic theory suggesting an inverse relationship between the level of unemployment and the rate of inflation within an economy.

Unemployment

The state of being jobless and actively seeking employment.

Inflation

The pace at which the universal cost levels of goods and services elevate, shrinking the value of money to buy.