Productivity Improvement, Process Reengineering, and Performance Measurement Are Seen as Important

question 32

Multiple Choice

Productivity improvement, process reengineering, and performance measurement are seen as important tools in designing ______.

• A) democracy
• B) management systems
• C) constitution
• D) goals

---

Definitions:

Free Trade

The unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties, and quotas.

Living Standards

The magnitude of economic riches, comfort levels, material acquisitions, and basic livable needs assigned to a particular social strata or region.

International Trade

The exchange of goods and services across national borders, influenced by comparative advantages, tariffs, quotas, and agreements.

Seller

An individual or entity that offers a product or service for sale.