Total Quality Management (TQM)works Best When It Becomes an Integral

question 79

True/False

Total quality management (TQM)works best when it becomes an integral part of a small company's strategy and focuses on continuous improvement in the quality the company delivers to customers.

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Definitions:

Lump Sum

A one-time payment made instead of breaking the payment down into installments.

Funds

Resources set aside for a particular purpose, often referring to money reserved for investment or operational purposes in financial contexts.

Compounded Annually

The process where the interest earned on an investment is reinvested, and subsequent interest calculations are made on the initial principal plus all accumulated interest.

Invest

Engaging capital with the ambition of realizing gains or income.