TQM and OD Are Compatible,though TQM Needs Not to Be

question 16

True/False

TQM and OD are compatible,though TQM needs not to be present in an OD program

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Definitions:

Japanese Industrialists

Business leaders and entrepreneurs in Japan who have significantly contributed to the development and growth of the country's industrial sector.

Economies Of Scale

Reductions in average total cost as output rises.

Treasury Reserves

Funds or assets held by a country's treasury to manage the economy’s money supply, stabilize currencies, or finance emergencies.

Comparative Advantage

The economic principle that nations should produce and export goods in which they have the lowest relative cost of production.