The Sociotechnical Systems Approach Has Been Prevalent Since the 1950s

question 64

Multiple Choice

The sociotechnical systems approach has been prevalent since the 1950s, and its principles were first developed in manufacturing by _____.

• A) Joseph Juran
• B) Daniel Willard
• C) Eric Trist
• D) Edwards Deming

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Definitions:

Reward/Risk Ratio

A metric used to compare the potential returns of an investment to its potential losses.

Expected Return

The anticipated return on an investment, based on historical data or probabilistic estimates of future performance.

Nonsystematic Variance

The portion of an investment's variance that is due to factors specific to its issuer and not related to wider market movements.

Market Index

An indicator used to represent the performance of specific sectors or the market as a whole, often compiled from a set of selected stocks.