TQM Is a Comprehensive Approach Dedicated to Continuous

question 50

Multiple Choice

TQM is a comprehensive approach dedicated to continuous

• A) measurement of quantifiable goals and quick corrections.
• B) product innovation and organizational learning, over fast cycles.
• C) quality improvement, training, and customer satisfaction.
• D) customer input into management strategy and decision making.
• E) focus on components of service success: tangibles, questions, and margins.

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Definitions:

Bushels

A unit of volume that is used to measure agricultural commodities like grains and fruits.

Total Product Curve

A graphical representation of the production function, showing how the quantity of output depends on the quantity of the variable input for a given quantity of the fixed input.

Fixed Input

An input whose quantity is fixed for a period of time and cannot be varied (for example, land).

Capital

Resources, including finances and assets, used by businesses to fund their operations and investments.