The Process in Which Locations,divisions and Functions in an Organizational

question 43

Multiple Choice

The process in which locations,divisions and functions in an organizational structure focus on maximizing their own accomplishments and rewards was called _____ by Deming.

• A)suboptimization
• B)return on quality
• C)Interlinking
• D)lean production

Grasp the concept and application of cross-functional and virtual teams.

Understand the effects of cognitive biases on perception and decision-making.

Explain the role of heuristics in influencing human judgment.

Recognize the impact of availability and representativeness heuristics on evaluating information.

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Definitions:

Low Costs

Refers to strategies or measures implemented to reduce expenses and financial outlays in order to achieve better efficiency or increase profitability.

Crowdfunding

The act of financing a venture or project by collecting small amounts of money from numerous people, often through an online platform.

Marketing

A method of putting the right product in the right place, at the right price, at the right time.

Level of Interest

The degree of curiosity, concern, or attention someone has in a particular subject or activity.