In a Lean System,there Are Fewer Transactions to Record Than

question 46

True/False

In a lean system,there are fewer transactions to record than there are in a traditional system.

Discern how organizational cultures impact innovation and change management.

Understand the role of management in shaping and modifying organizational culture.

Identify the difference between organizational culture and corporate culture.

Comprehend the significance of goals in fostering organizational survival and innovation.

---

Definitions:

Personal Liability

the legal responsibility of an individual to satisfy debts or obligations incurred, using personal assets if necessary.

Partnership

A commercial arrangement in which a business is co-managed and operated by at least two people, following conditions and goals outlined in a Partnership Agreement.

Estoppel

A legal principle that prevents someone from arguing something contrary to a previous position or statement that was relied upon by others.

Negligence

The failure to exercise the care that a reasonably prudent person would under similar circumstances, resulting in unintended harm to others.