Which of the Following Is Not One of the Principles

question 60

Multiple Choice

Which of the following is not one of the principles commonly found in companies that have successfully embraced the TQM philosophy?

• A) Building an organizational commitment to quality
• B) Finding ways to measure quality
• C) Giving more time for supervisors to work with employees
• D) Training new employees
• E) Defining work standards only in terms of numbers or quotas

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Definitions:

CCA Class

In Canadian taxation, a system that groups depreciable properties into classes, with each having its own rate for Capital Cost Allowance, which is used to determine depreciation expenses.

Net Working Capital

The gap between an organization's immediate assets and its short-term obligations, showing its fiscal stability and proficiency in operations in the near term.

Required Return

The minimum return an investor expects to achieve by investing in a specific asset, considering its risk.

Variable Cost

Charges that adjust in relation to the volume of goods or services produced by an enterprise.