A Key Component of Total Quality Management Is _____

question 3

Multiple Choice

A key component of total quality management is _____.

• A)everyone in an organization has a customer
• B)the organization values everyone
• C)doing the job faster
• D)all of the above
• E)answers a and b

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Definitions:

Financial Statements

Reports that show the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing ownership interest.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and mortgages.

Cash Dividends

Payments made by a corporation to its shareholder members as a distribution of profits.