A(n) _____ System Can Provide Such Benefits as Improved Overall

question 98

Short Answer

A(n) _____ system can provide such benefits as improved overall performance by standardizing business processes based on best practices or improved access to information from a single database to an enterprise.

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Definitions:

Service Industries

Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, banking, and education.

Extractive Industries

Industries, such as mining, oil drilling, and logging, that remove natural resources from the earth, often with significant environmental impact.

Knowledge-Based Economy

A knowledge-based economy is an economy where growth is primarily derived from the quantity, quality, and accessibility of the information available, rather than physical inputs or natural resources.

Six Sigma Certification

A designation indicating that someone has been trained on the Six Sigma principles and techniques for process improvement and quality management.