Each Month, a Team of Managers Evaluates New and In-Progress

question 96

Multiple Choice

Each month, a team of managers evaluates new and in-progress projects and determines which ones will receive the necessary functional resources to progress in the coming month. This process demonstrates

• A)brainstorming.
• B)a stage-gate development funnel.
• C)process reengineering.
• D)incremental innovation.
• E)flexible manufacturing.

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Definitions:

Free-Trade Agreement

A pact between two or more nations to reduce barriers to imports and exports among them, fostering international trade.

Tariffs

Taxes imposed by a government on imported goods, often used to protect domestic industries from foreign competition.

Quotas

Limits set by governments on the quantity of goods that can be imported or exported over a certain period.

GATT

The General Agreement on Tariffs and Trade, an international treaty designed to reduce tariffs and other barriers to trade between member countries.