Which of the Following Is True About Total Quality Management

question 43

Multiple Choice

Which of the following is true about total quality management?

• A)Output goals and targets should include only numbers.
• B)The number of steps to assemble a product should be increased.
• C)Managers should ask employees for suggestions about improvements.
• D)Incentives such as bonus pay and promotional opportunities should be eliminated.
• E)A just-in-case inventory system should be introduced.

Understand basic probability concepts and calculations.

Interpret and analyze contingency tables for probability estimation.

Calculate joint, marginal, and conditional probabilities from given data.

Assess probability distributions and their legitimacy in practical scenarios.

---

Definitions:

Human Capital Stock

The accumulated skills, knowledge, experience, and abilities that the workforce possesses, which can contribute to an organization's performance and productivity.

Human Capital Flow

The movement and development of employees' skills and knowledge within and between organizations, which can impact innovation and economic growth.

Succession Management

Strategic process of identifying and preparing suitable employees through mentoring, training, and job rotations to replace key players within an organization as they retire or leave.

Turnover Rates

The percentage of employees leaving a company within a certain period, which could be indicative of the workplace environment, job satisfaction, or other factors.