A Key Factor in TQM Is The

question 29

Multiple Choice

A key factor in TQM is the:

• A) reduction of defects.
• B) increase in management inspection stations.
• C) reduction of the price of supplies.
• D) movement away from technology advance and a reliance on simple production techniques.

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Definitions:

Original Investments

Original investments refer to the initial amount of money invested in an asset, project, or enterprise by its owners or shareholders.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Salary Allowances

Predetermined amounts provided to employees, on top of their basic salary, for specific purposes such as travel, housing, or food.

Market Value

The ongoing rate for buying or selling a product or service in a trading environment.