In the Context of Total Quality Management, Which of the Following

question 7

Multiple Choice

In the context of total quality management, which of the following is one of W. Edwards Deming's "14 points" of quality?

• A) Strive for short-term improvement rather than long-term profit.
• B) Ensure compliance by inducing fear among those who deviate from process.
• C) Allow autonomy and spontaneity.
• D) Use numerical quotas regularly.
• E) Rely on mass inspection to ensure quality.

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Definitions:

Investment

The allocation of resources, usually money, with the expectation of generating an income or profit.

Retirement Fund

A Retirement Fund is a pool of funds contributed by employees, employers, or both for the future financial security of retirees.

Withdrawals

The act of taking money out of an account which can affect the account balance and interest calculations.

Monthly Payments

Regular payments made every month, commonly associated with loans, mortgages, or subscription services.