What Is Total Quality Management

question 108

Multiple Choice

What is total quality management?

• A) A philosophy of supplying customers with superior products and services
• B) An exchange of information with suppliers and customers to create efficient and effective processes
• C) A software system that integrates a company's functions, departments and data into a single system
• D) A system which speeds the transformation of raw materials into finished products.

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Definitions:

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Profit

The financial gain realized when the revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Green Initiative

Programs or actions undertaken to reduce environmental impact and promote sustainability.

Solar Panels

Devices that convert sunlight into electricity, consisting of photovoltaic cells that capture and transform solar energy.