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Hello sir there is a question in kit as follows
The following statement have been made about both standard costing and TQM :
1)They focus on assigning responsibility solely to senior managers
2)They work well in rapidly changing environmentsWhich of the above statements is/are true?
sir the correct answer is neither 1 nor 2 but I could not understand can u please explain me?
1. Responsibility may be assigned to any manager – it is up to the company to decide who to assign it to and it does not have to be limited to senior managers. TQM involves all staff improving – not simply senior managers.
2. If the environment is changing rapidly it is impossible to set meaningful standards and targets – the focus with TQM is to continually try to improve, not just to meet targets that will go out of date anyway because things are changing rapidly.
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