Examlex
Which of the following is not characteristic of TQM?
Net Sales
The revenue from sales of goods or services after deducting returns, allowances for damaged or missing goods, and discounts.
Vertical Analysis
A financial analysis method that lists each item in a financial statement as a percentage of a base figure, facilitating comparisons across different periods or companies.
Base Item
A reference or standard item used for comparison purposes in financial and economic analysis.
Horizontal Analysis
A financial analysis technique that compares historical financial data across time, typically from year to year, to identify trends and growth patterns.
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