The Processes an Organization Uses to Maintain Its Established Quality

question 4

Multiple Choice

The processes an organization uses to maintain its established quality standards are called

• A) quality control.
• B) implementation.
• C) inspections.
• D) operations management.
• E) total quality management.

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Definitions:

Formula

A mathematical relationship or rule expressed in symbols.

Present Value

The present worth of a sum of money or series of cash flows expected in the future, calculated using a particular rate of return.

Interest Rate

The percentage of a sum of money charged for its use, indicating the cost of borrowing money or the return on invested savings.

Interest Rate

The cost of borrowing money or the return on investment, typically expressed as a percentage of the sum borrowed or invested per year.