Elimination of Low-Value-Added Activities in a Firm Should

question 49

Multiple Choice

Elimination of low-value-added activities in a firm should:

• A)Be discouraged because of potential harmful effects.
• B)Not affect customer value.
• C)Not have priority because low-value-added activities have little effect on a firm's performance.
• D)Have priority only when a firm is operating at a loss.
• E)Happen naturally if the firm is well-managed.

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Definitions:

Successive Approximations

This is a method in behavioral psychology where behaviors are gradually trained by rewarding approximations of the desired behavior.

Positive Reinforcement

A technique in behavior management that reinforces desired behaviors by rewarding them, encouraging their repetition.

Shaping

A technique used in behavior modification that involves successively reinforcing behaviors that approximate the target behavior.

Shielding

A protective measure to block harmful elements or prevent unwarranted access to sensitive information or materials.