Match the Options Below with the Correct Phrases

question 62

Multiple Choice

Match the options below with the correct phrases:
-kaizen

• A)continuous improvement
• B)the school that emphasizes math and measurements
• C)a set of interrelated parts that work together
• D)rethinking and redesign of business processes
• E)rational organizations based on the control of knowledge
• F)the theory pursuing "the one best way"
• G)the school of variables and unique situations
• H)1 + 1 = more than two (2)
• I)the school that emphasizes meeting the needs of the customer
• J)the study of complex systems to improve effectiveness
• K)models, simulations, games, and other analytical tools are used to optimize performance
• L)the branch of management science that applies to manufacturing or service industries
• M)the school that emphasizes people
• N)the school that focuses upon the flow of information in organizations
• O)theory that holds than an organization comprises various parts that must perform tasks necessary for the survival and proper functioning of the system as a whole
• P)the school that was mainly concerned with the manufacturing and factory floor environments
• Q)part of an art or science that attempts to explain the relationships between and among its underlying principles

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Definitions:

U.S. Dollars

The official currency of the United States, widely used for domestic and international transactions alike, serving as a major global reserve currency.

Comparative Advantage

The principle that a country, individual, company, or region can produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

Protectionism

Economic policy of restricting imports from other countries through methods such as tariffs and import quotas, aimed at protecting domestic industries.

Consolidated Statements

Financial statements that aggregate the financial position and operations of a parent company and its subsidiaries, showing the financial results of the entire group as a single entity.