Which One of the Following Statements About Total Quality Management

question 10

Multiple Choice

Which one of the following statements about total quality management (TQM) is false?

• A) TQM aims at instilling enthusiasm and commitment to doing things right from the top to the bottom of the organization.
• B) TQM produces significant results very quickly-very little benefit emerges after the first six months.
• C) TQM doctrine preaches that there's no such thing as "good enough" and that everyone has a responsibility to participate in continuous improvement.
• D) Effective use of TQM entails creating a corporate culture bent on continuously improving the performance of every task and every value-chain activity.
• E) Total quality management (TQM) is a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100 percent accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction.

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Definitions:

Total Revenue

The overall income generated by a business through the sale of goods or the delivery of services within a certain period.

Elasticity of Demand

Elasticity of Demand measures how much the quantity demanded of a good responds to a change in the price of that good, indicating how sensitive consumers are to price changes.

Necessity

An essential requirement or need for something.

Luxury Good

A good for which demand increases more than proportionally as income rises, often seen as non-essential but desirable.