A Corporate Culture of Constant Change and Small Improvements Is

question 65

Multiple Choice

A corporate culture of constant change and small improvements is known as:

• A) Job control unionism
• B) Scientific management
• C) Continuous process improvement
• D) Functional specialization

---

Definitions:

Factory Utilities

Costs incurred for utilities in a manufacturing setting, such as electricity, gas, and water, essential for production operations.

Gross Profit

Monetary gain made after subtracting the cost of goods sold from total sales revenue, indicating the efficiency of a company's core business activities without including overhead costs.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, typically a fiscal quarter or year, to calculate the net income or loss.

Direct Materials

Raw materials that can be directly attributed to the production process of a product and are clearly identified as part of the finished product.