The __________ Is a Tool Firms Use to Determine If

question 5

Multiple Choice

The __________ is a tool firms use to determine if they are achieving an appropriate balance when using strategic and financial controls as a means of positively influencing performance.

• A) managerial model
• B) holistic control system
• C) balanced scorecard
• D) internal auditing system

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Definitions:

Industrial Engineer

A professional focused on designing, improving, and implementing integrated systems of people, materials, information, equipment, and energy to increase efficiency, reduce waste, and improve quality and productivity.

Simplifying Work

The process of making tasks or jobs easier to perform, often by removing unnecessary complexity or steps, to improve efficiency and satisfaction.

Increasing Output

A process aimed at raising the amount of goods or services produced, often through efficiency improvements or resource optimization.

Job Extension

Involves broadening the range of tasks assigned to a job to increase the variety and interest of the work.