Change of a Relatively Small Scope, Such as Making Small

question 71

Multiple Choice

Change of a relatively small scope, such as making small improvements, is called _____.

• A)incremental change
• B)strategic change
• C)transformational change
• D)transactional change

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Definitions:

Financial Measures

Quantitative metrics used to assess the financial performance or financial health of a business or project.

Return on Investment (ROI)

Return on Investment measures the gain or loss generated on an investment relative to the amount of money invested.

Appraisal Costs

Costs associated with measuring, evaluating, or auditing products or services to ensure they meet quality standards and regulatory compliance.

Internal Failure Costs

Costs that are incurred as a result of identifying defective products before they are shipped to customers.