An Important TQM Concept Is That Quality Is Defined by the

question 30

Multiple Choice

An important TQM concept is that quality is defined by the

• A) Quality control group
• B) Marketing department
• C) Board of directors
• D) Customer
• E) Auditors

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Definitions:

Treasury Bond

A long-term, fixed-interest government security with a maturity of more than ten years, considered a safe investment.

Bid

The price a buyer is willing to pay for a security or asset.

Ask

The lowest price a seller is willing to accept for an asset being sold on the market, opposite of the bid price.

AAA Corporate Bonds

The highest quality bonds issued by corporations with a strong ability to repay the debt, making them low-risk investments.