One of the Key Principles on Which the Famed Toyota

question 64

Multiple Choice

One of the key principles on which the famed Toyota Way of doing business is focused on is:

• A)globalization of business.
• B)force field analysis for change management.
• C)continuous improvement dedicated to innovation.
• D)process consultation in the workplace.

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Definitions:

Implied Assumption

An unstated understanding that forms the basis of an agreement or decision, not explicitly detailed but considered as understood by all parties involved.

Known Risk

A risk that is identified, assessed, and understood by individuals or organizations involved in an activity or decision.

Assumption Of The Risk

A defence in tort law in which a person voluntarily enters into a situation with known danger and is therefore not entitled to claim compensation for any resulting injury.

Actual Harm

Real, measurable damage that has occurred as a result of someone's actions or negligence.