The Magnitude of Changes Created by a Continuous Improvement Program

question 23

True/False

The magnitude of changes created by a continuous improvement program is generally larger than those created by a business process reengineering program.

---

Definitions:

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another, often measured by GDP.

Population Growth

The increase in the number of individuals in a population, often measured as a percentage of the total population over a specific time period.

Catch-Up Effect

The hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies, allowing them to "catch up" over time.

Real GDP Per Person

A measure of the economic output of a country per individual adjusted for inflation, reflecting the average living standards.