TQM Definition

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TQM see TOTAL QUALITY MANAGEMENT.

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CEO is an acronym for Chief Executive Officer. The CEO is the principle individual responsible for the activities of a company.

NET OF TAXES means the effect of applicable taxes (usually income taxes) has been considered in determining the overall effect of an item on the financial statements. The phrase is used when a company has items that must be disclosed in a separate section. Each such item should be reported net of the applicable taxes.

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