Which of the Following Approaches Refers to a Systematic Approach

question 33

Multiple Choice

Which of the following approaches refers to a systematic approach to identify and eliminate waste and non-value-added activities while focusing on cost reduction through process optimization?

• A) Six sigma approach
• B) Quality at the source approach
• C) Management by objectives method
• D) Critical incident method
• E) Lean manufacturing approach

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Definitions:

Limited Partnership

A partnership arrangement with at least one general partner who manages the business and is liable for its debts, and one or more limited partners with liability restricted to their investment.

Breach

The violation or non-fulfillment of a legal agreement or obligation.

Warranty

A promise, typically made by a seller to a buyer, regarding the condition or quality of a product.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.