Reengineering and Continuous Improvement Mean the Same Thing

question 83

True/False

Reengineering and continuous improvement mean the same thing.

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Definitions:

Cram-down Provision

A legal mechanism in bankruptcy proceedings allowing a court to approve a reorganization plan over the objections of some creditors.

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to reorganize and try to stay afloat while temporarily holding creditors at bay.

Bankruptcy Action

A legal proceeding involving a person or business that is unable to repay outstanding debts, leading to the legal process of liquidating assets to pay creditors.

Civil Penalties

Fines or sanctions imposed by a civil court on individuals or entities as a consequence of violating statutory law or regulatory requirements.