According to the Textbook, ________ Is a Philosophy of Management

question 51

Multiple Choice

According to the textbook, ________ is a philosophy of management driven by continual improvement and responding to customer needs and expectations.

• A)ethno quality management
• B)total quality management
• C)hyper quality management
• D)partial quality management
• E)statistical quality management

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Definitions:

Common Stock

Common Stock represents shares in a company that entitle the holder to vote at shareholders' meetings and to receive a part of the company's profits as dividends.

Stated Value Stock

Stated value stock is an issue of shares that does not have a par value but instead has a nominal stated value assigned by the company.

Preferred Stock

A type of equity security that offers dividends and other advantages before common stock, in the event of liquidation.

Common Shareholders

Individuals or entities that own shares of common stock in a corporation, granting them voting rights and a claim on profits.