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What is Total Quality Management (TQM) and how does it change the output process? Explain and give at least two examples. In what ways are

  1. What is Total Quality Management (TQM) and how does it change the output process? Explain and give at least two examples.
  2. In what ways are small businesses more entrepreneurial than large businesses? Why are they riskier?
  3. Discuss the following question Corporations are not really run by their owners, but rather by their board of directors or chief executive officers. Why is this good?

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