To Support Total Quality Management,firms Should Base Rewards More on Which

question 45

Multiple Choice

To support total quality management,firms should base rewards more on which measures of performance?

• A)Efficiency and effectiveness
• B)Economy and efficiency
• C)Productivity and effectiveness
• D)Quality and customer satisfaction

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Definitions:

Portfolio B

Portfolio B is not a specific term but could refer to a theoretical or actual portfolio of investments selected as a part of an investment strategy or for analysis.

Variance

A measure of the distribution’s variability. It is the sum of the squared deviations about the expected value.

Standard Deviation

A statistical measure of the dispersion or variability of a set of numbers, indicating how much the individual numbers differ from the mean.

Deviation

The difference between a specific value and a reference point, often used in statistics to measure variability.