Harry Is the CEO of Pine and Acorn Consultancy

question 76

Multiple Choice

Harry is the CEO of Pine and Acorn Consultancy.Of late,he has noticed a steady decrease in Pine and Acorn's revenues.He consults with the other members of the top management and instead of refining the existing processes incrementally,they decide to redesign Pine and Acorn's processes.This change was to be implemented to better serve their customers,reduce costs,increase speed,and improve their products.Which of the following approaches for improving quality has Harry decided to implement?

• A) Reengineering
• B) Zero-defects program
• C) Quality at the source approach
• D) The Deming approach
• E) The kaizen method

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Definitions:

Maximum Possible Output

The highest quantity of goods and services an economy can produce when it is utilizing all of its resources efficiently.

Efficient Use

The allocation of resources in a manner that maximizes the output of goods and services with minimal waste.

Simplifying Assumptions

Simplifying Assumptions are used in economic models to reduce complexity by assuming ideal conditions that may not always reflect real-life scenarios.

Economic Growth

An increase in the economy’s ability to produce goods and services; reflected by an outward shift of the economy’s production possibilities frontier