Which of the Following Statements About Total Quality Is True

question 26

Multiple Choice

Which of the following statements about total quality is true?

• A) Total quality has direct effects on the behavior of employees at all levels in the organization.
• B) Chief executives can advance total quality by engaging in a totalitarian approach to management.
• C) Quality efforts should always be focused on cost cutting.
• D) Quality is unrelated to competitive success.

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Definitions:

Future Value

The estimated value of a current asset or an amount of money at a specified date in the future, based on an assumed rate of growth or interest.

Interest Component

The portion of a payment that is attributed to interest on borrowed capital.

Compounded Annually

An interest calculation method where the interest is added to the principal at the end of each year, and future interest accrues on the new principal.

Accumulated

This term often refers to the total amount of something gathered over time, such as accumulated depreciation or accumulated earnings.