Which of the Following Is NOT One of the Four

question 5

Multiple Choice

Which of the following is NOT one of the four major TQM principles?

• A) Focus on delivering customer value.
• B) Use teams to continually improve.
• C) Focus on managing people rather than processes.
• D) Continually improve systems and processes.

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Definitions:

Going-private Transaction

involves the purchase of all publicly held shares of a public corporation by private investors, making it a private entity.

Cost Reduction

A strategic financial action aimed at decreasing expenses to improve profitability.

Stock Acquisition

The process of obtaining ownership in a company by purchasing its stock.

Cash Acquisition

The process of acquiring another company or its assets using cash as a means of payment rather than stocks or other forms of compensation.