Of the Following, Which Aspect of a Contemporary Management Technique

question 41

Multiple Choice

Of the following, which aspect of a contemporary management technique is a framework and process that organizations use to manage the occurrence of possible events that could negatively or positively affect the company's competitiveness and success?

• A)Total quality management
• B)Lean accounting
• C)The theory of constraints
• D)Enterprise sustainability
• E)Enterprise risk management

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Definitions:

Inflation

A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of currency.

Government Policies

Government policies are the actions and strategies that governments implement to achieve specific objectives, including economic stability, growth, and social welfare.

Efficiency

The ability to achieve a desired result without wasted energy or resources.

Quantity of Money

The sum of cash and bank deposits circulating in an economy at a particular moment.