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Which of the Following Statements Is True Regarding Total Quality

question 99

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Which of the following statements is true regarding total quality management (TQM) ?


Definitions:

Mutually Agreeable Transactions

Exchanges between parties that both sides consent to because they are beneficial.

Equal Distribution

The concept of ensuring that resources, wealth, or opportunities are evenly distributed among all members of society.

Resource Allocation

The process of distributing available resources among various competing needs and wants.

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.

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