The Three Principles That Characterize TQM Are Continuous Improvement, Teamwork

question 12

Multiple Choice

The three principles that characterize TQM are continuous improvement, teamwork, and:

• A) third party certification
• B) delegation
• C) participative management
• D) customer focus and satisfaction
• E) distinctive competence

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Definitions:

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency worldwide.

International Monetary Fund

The International Monetary Fund is an international organization aimed at fostering global monetary cooperation, securing financial stability, and facilitating international trade.

Cross Rate

The exchange rate between two currencies, calculated based on their respective exchange rates with a third common currency.

Exchange Rates

The value of one currency expressed in terms of another currency.