Which of the Following Does the Philosophy Underlying TQM Include

question 59

Multiple Choice

Which of the following does the philosophy underlying TQM include?

• A) Greater quantity results in cost decreases.
• B) Better quality leads to higher market share.
• C) Greater quantity increases a company's profitability.
• D) Opinions of employees are irrelevant in manufacturing products.
• E) Work standards should only be defined as numbers or quotas.

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Definitions:

Mortgage

A legal agreement in which a borrower agrees to repay a lender over time, secured by real property as collateral.

Closing Costs

Expenses over and above the price of the property in a real estate transaction, such as taxes, attorney's fees, and title insurance.

Escrow Agent

A neutral third party responsible for holding assets or documents until certain conditions of an agreement are met.

Lender

An individual or institution that provides funds to another with the expectation of repayment plus interest.