In Which of the Following Ways Are TQM and the Deming

question 23

Multiple Choice

In which of the following ways are TQM and the Deming approach similar?

• A) Both insist on constancy of purpose
• B) Both require the adoption of principles of profound knowledge
• C) Both represent one philosophy that is used in its entirety
• D) Both adapt to the situation which results in reliability
• E) Both agree that a long-term commitment is required by top management

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Definitions:

Cash Operating

Refers to the activities that involve the cash inflows and outflows from a company's primary business operations.

Salvage Value

The anticipated amount an asset is expected to yield when it is sold after its lifespan has concluded.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose, affecting its depreciation or amortization schedules.