_____ Is an Organization-Wide Commitment to Continuous Improvement, Product Attribute

question 119

Multiple Choice

_____ is an organization-wide commitment to continuous improvement, product attribute, and customer needs.

• A) Quantitative analysis
• B) Total quality management
• C) Theory X
• D) Theory Y
• E) Scientific management

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Definitions:

Net Profit Margin Percentage

A financial ratio that shows what percentage of sales has turned into profits, indicating overall profitability.

Gross Margin Percentage

A financial metric that represents the difference between sales and cost of goods sold, expressed as a percentage of sales.

Year 2

The second year in a sequence, often used in financial and operational planning or analysis.

Debt-to-Equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by shareholders' equity; it indicates the proportion of equity and debt the company is using to finance its assets.