Total Quality Management Is a Way of Managing in Which

question 66

True/False

Total quality management is a way of managing in which everyone is committed to the continuous improvement of his or her part of the operation.

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Definitions:

Japanese Yen

Japanese Yen is the official currency of Japan, used as a medium of exchange in the country and regarded as one of the major currencies in the foreign exchange market.

Great Depression

A severe worldwide economic downturn that lasted throughout the 1930s, marked by high unemployment and deflation.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events and battles across various continents.

Automatic Stabilizer

A government policy or program designed to counteract fluctuations in the nation's economic activity without intervention by policymakers, thereby stabilizing the economy over the business cycle.