Examining Step-By-Step Procedures to Reduce Inefficiency Most Centrally Involves Which

question 36

Multiple Choice

Examining step-by-step procedures to reduce inefficiency most centrally involves which approach?

• A) operations scheduling
• B) performance analysis
• C) value-added analysis
• D) methods improvement
• E) quality ownership

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Definitions:

Merchantability

An implied warranty that goods sold by a merchant are reasonably fit for the general purpose for which they are sold.

Fungible Goods

Items that are interchangeable with others of the same type because they are identical in essence and value, such as grains or precious metals.

Average Quality

The median standard of quality among similar products or services, considered acceptable or satisfactory.

Warranty Of Merchantability

The warranty of merchantability is a legal guarantee provided by sellers that goods for sale will meet reasonable quality and usability standards as understood in the marketplace.