One TQM Mistake Companies Make Is Believing That the Responsibility

question 57

Multiple Choice

One TQM mistake companies make is believing that the responsibility for quality and elimination of waste lies

• A) with the supplier
• B) with the return and repair shop
• C) with the supply chain
• D) with all employees but top management
• E) with top management alone.

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Definitions:

Days to Sell Inventory

A financial metric measuring the average number of days a company takes to sell its inventory.

Sales

The total amount of revenue generated from goods or services sold by a company.

Costs of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Inventory

A company's full collection of materials and goods, kept for the goal of being sold or used in production.