Which of the Following Is Not One of the Principles

question 2

Multiple Choice

Which of the following is not one of the principles commonly found in companies that have successfully embraced the TQM philosophy?

• A)Building an organizational commitment to quality
• B)Finding ways to measure quality
• C)A strong customer focus
• D)Close supplier relations
• E)Creating a separate quality department within the firm

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Definitions:

Sale

The exchange of a product or service for money, constituting the main operational activity for most businesses.

Liability Account

An accounting record that holds the amounts owed by a company to creditors, suppliers, or lenders.

Terms

Conditions under which a sale is made, including payment timeframe, discounts, and penalties for late payment.

Discount

A reduction from the usual cost of something, or the act of lowering the price of goods, services, or securities.