Standardized Business Processes Reduce Risk

question 54

True/False

Standardized business processes reduce risk.

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Definitions:

Fordism

denotes a system of industrial production characterized by mass production and high wages, standardized products, and assembly-line methods, originating from Henry Ford's practices.

Total Quality Management

A comprehensive management approach focusing on continuous improvement in all aspects of a business, aiming to ensure high quality in products or services.

Job Control Unionism

A unionism approach focused on managing aspects of work such as hiring, promotions, layoffs, and work rules through collective bargaining.

Worker Control

A form of workplace governance in which employees have a direct say in the management and operational decisions of the organization.