_____ Is a Process Designed to Reduce Inefficiency and Waste

question 28

Multiple Choice

_____ is a process designed to reduce inefficiency and waste that builds up in an organization over time in an effort to be more competitive.

• A) Offshoring
• B) Outsourcing
• C) Downsizing
• D) Customizing

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Definitions:

Planning Process

A systematic approach involving the development of strategies and allocating resources to achieve organizational goals.

Next Financial Year

The forthcoming fiscal period for a business or organization, following the current fiscal year.

Actual Performance

The real, observed outcomes or results achieved by an individual, team, or organization, often compared against planned or expected performance.

Control

The process of directing, monitoring, and adjusting resources and operations to achieve certain objectives.