The Implementation of Small Incremental Improvements in All Areas of the Organization

question 46

Multiple Choice

The implementation of small incremental improvements in all areas of the organization on an ongoing basis is referred to as:

• A) benchmarking.
• B) empowerment.
• C) systems theory.
• D) contingency perspective.
• E) continuous improvement.

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Definitions:

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Disequilibrium

The condition that exists in a market when the plans of buyers do not match those of sellers; a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium

Government Intervention

Actions taken by a government to influence or regulate various activities in its economy, which can include fiscal policy, monetary policy, tariffs, and regulation.

Mismatch

A situation where there is a discrepancy or lack of alignment between two or more factors, often leading to inefficiency.