Which of the Following Best Explains 'Kaizen

question 41

Multiple Choice

Which of the following best explains 'kaizen'? 

• A) Using business consultants as auditors. 
• B) The concept of continuous quality improvement. 
• C) Assessing the internal quality and control system of an organization using a systems approach. 
• D) The systematic investigation of the extent to which the technical processes are capable of meeting the established standards in a predictable way.

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Definitions:

Payoff Table

A table used in decision making that shows the outcome or payoffs for different strategies under various conditions.

Environmentally Safe Material

Materials that are not harmful to the environment, often characterized by being recyclable, biodegradable, or non-toxic.

Payoff Table

A tabular representation of the outcomes or payoffs from different decisions or strategies under various states of nature.

Expected Opportunity Loss

The anticipated amount of loss associated with not choosing the best course of action.