People Do Not Have to Communicate with Each Other in the Common

question 81

True/False

People do not have to communicate with each other in the common pursuit of quality for TQM to operate.

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Definitions:

Net Book Value

The value of an asset after accounting for depreciation or amortization, representing its current worth on the balance sheet.

Investment Centres

Units or divisions within a company that are responsible for making investment decisions and are evaluated based on their return on investments.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the return relative to the investment’s cost.

Residual Income

A measure of performance and profitability calculated as the net operating income after deducting a charge for the cost of capital.