Which of the Following Is a Predominant Principle of Total

question 178

Multiple Choice

Which of the following is a predominant principle of total quality management?

• A) contingency thinking
• B) continuous improvement
• C) quantitative analysis
• D) progression principle
• E) deficit principle

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Definitions:

General Partners

Individuals or entities that participate in the management of a partnership and have unlimited personal liability for the debts and obligations of the partnership.

Limited Partners

Individuals in a partnership who have limited liability to the extent of their investment in the company and do not participate in day-to-day management.

Limited Partner

A partner in a business venture who doesn't participate in daily operations and whose financial responsibility is capped at their investment level.

Limited Partnership

A limited partnership is a business structure with at least one general partner, who manages the business and is fully liable, and one or more limited partners, whose liability is restricted to their investment.