Management of the Value Chain Requires

question 44

Multiple Choice

Management of the value chain requires:

• A) no analysis of the system.
• B) efficient systems.
• C) periodic analysis of the system.
• D) flexible manufacturing systems.
• E) six sigma qualification.

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Definitions:

Cost-Benefit Analyses

The process of comparing the costs and benefits associated with a decision, project, or policy to determine its feasibility or desirability.

Independent Agencies

Bodies established by the government that operate independently from the executive branch to regulate or oversee specific activities.

Administrative Law Judge

An official who presides over federal administrative hearings, making decisions on disputes between government agencies and those affected by agency actions.

Federal Trade Commission

An independent agency of the United States government aimed at promoting consumer protection and eliminating and preventing anticompetitive business practices.