What Feature Is a Trademark of an Effective PI Program

question 672

Multiple Choice

What feature is a trademark of an effective PI program?

• A) a one-time cure-all for a facility's problems
• B) an unmanageable project that is too expensive
• C) a cost-containment effort
• D) a continuous cycle of improvement projects over time

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Definitions:

Scarce Goods

Items that are limited in availability compared to the desires of people to possess them, requiring mechanisms like pricing or rationing to distribute them.

Unlimited Wants

The economic concept that humans have infinite desires or wishes for goods and services, despite having limited resources.

Invention

The creation of a new product or process, often facilitated by the knowledge of engineering and science.

Engineering

The application of scientific, mathematical, and empirical principles to design, develop, and improve structures, machines, and processes.