TPM (Total Productive Maintenance) Is an Application of TQM (Total

question 67

True/False

TPM (total productive maintenance) is an application of TQM (total quality management) principles to the area of maintenance.

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Definitions:

Diversified

The strategy of allocating investment across various financial instruments, industries, and other categories to mitigate risk.

Industry Classified

The categorization of companies into sectors and industries based on their primary business activities.

Common Shareholders' Equity

The portion of a company's equity that is attributable to common shares, representing the residual interest in the net assets of the company.

Return on Assets

A profitability ratio that measures how efficiently a company uses its assets to generate profit, calculated by dividing net income by total assets.