Total quality management (TQM) focuses on quality improvement to business activities.

Answer the following statement true (T) or false (F)


True

Business

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A _______ is defined as a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves accountable.   

A. cross-functional team B. group C. team D. panel E. formal group

Business

Domestic support obligations are generally nondischargeable in bankruptcy.

Answer the following statement true (T) or false (F)

Business

For every unit that a company produces and sells above the breakeven point, its profitability is improved (ignoring taxes) by the unit's

A) gross margin. B) selling price minus fixed cost. C) variable cost. D) contribution margin.

Business

________ planning consists of repetition of the bottom-up or top-down planning process until all differences have been reconciled.

Fill in the blank(s) with the appropriate word(s).

Business