Improvement in Time Performance Is Most Likely NOT Enhanced by

question 34

Multiple Choice

Improvement in time performance is most likely NOT enhanced by

• A)redesign of products.
• B)adding processes in production.
• C)eliminating waste.
• D)eliminating nonvalue-added activities.

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Definitions:

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.

Quantity

The amount or number of a material or immaterial good or service.

Units

Basic quantities considered as a standard of measurement for physical quantities.

Profit-Maximizing

The method used by a company to identify the pricing and production quantities that maximize its profits.