A Mandate to Reduce Costs,increase Product Quality,and/or Improve Production Processes

question 148

Multiple Choice

A mandate to reduce costs,increase product quality,and/or improve production processes through continuous improvement is known as

• A)kaizen costing.
• B)activity-based costing.
• C)the theory of constraints.
• D)mass customization.

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Definitions:

Swerve

A sudden change in direction or position, often used in strategic contexts to describe a deviation from a previously expected path.

Nash Equilibrium

An idea in game theory in which each participant chooses the best strategy considering the strategies chosen by all other participants in the game.

Press Button

A simple mechanism that, when pressed, activates or controls a device.

Payoff

The outcome of a decision or action, usually quantified in terms of profit or utility.