Continuous Improvement Involves the Search for and Implementation of the Best

question 38

True/False

Continuous improvement involves the search for and implementation of the best way to do something as practiced by other organizations or in other parts of one's own organization.

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Definitions:

Commercial Invoice

A document used in international trade that details the price, type, and quantity of goods shipped, serving as a demand for payment.

Contract of Affreightment

An agreement between a ship-owner and a charterer to transport goods in a specified quantity over a set period of time without designating a specific vessel.

Bill of Lading

A legal document between a shipper and carrier; it details the type, quantity, and destination of the goods being carried.

Negotiable Instrument

An instrument in writing that, when transferred in good faith and for value without notice of defects, passes a good title to the instrument to the transferee.