The Statement Concerning Total Quality Management (TQM) That Is Not

question 9

Multiple Choice

The statement concerning total quality management (TQM) that is not true is:

• A) TQM is an important part of lean accounting
• B) it promotes an organisation-wide philosophy
• C) the units cost of the product or service generally increase slightly as quality is improved
• D) none of the statements is untrue. i.e. all are true statements

Recognize the evolution and stages of quality management since World War II.

Understand managerial effectiveness in multicultural and ethical contexts.

Grasp the significance of sustainability and environmental considerations in corporate strategy.

Comprehend the implications of offshoring and the distribution of manufacturing jobs.

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Definitions:

Total Assets

The sum of all resources owned by an entity, including cash, investments, property, and equipment, that are recognized in the balance sheet.

Statement of Stockholders' Equity

A financial document that shows changes in the value of a company's equity over a period through contributions by and distributions to shareholders and earnings.

Common Stock

An equity ownership interest in a corporation, typically giving holders voting rights and a share in the company's profits via dividends.

Retained Earnings

Retained earnings refer to the portion of net income that is kept by a company to reinvest in its business or pay down debt, instead of being distributed to shareholders as dividends.