A Successful TQM Program Incorporates All EXCEPT Which of the Following

question 159

Multiple Choice

A successful TQM program incorporates all EXCEPT which of the following?

• A) continuous improvement
• B) employee involvement
• C) benchmarking
• D) centralized decision-making authority
• E) JIT

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Definitions:

Progress Payments

Progress payments are partial payments made during the production or construction of goods or completion of a project, typically after certain milestones are reached.

Accumulated Expenditures

The total amount of expenses incurred over time for a specific purpose, such as the construction of an asset.

GAAP

Stands for Generally Accepted Accounting Principles, which are a common set of accounting principles, standards, and procedures that companies use to compile their financial statements.

Routine Maintenance

Regular, scheduled work done on equipment, machines, or systems to prevent unexpected breakdowns and to keep them operating efficiently.