_____ Refers to Practices Participated in by Employees from All

question 74

Multiple Choice

_____ refers to practices participated in by employees from all levels of the company that focus on continuous improvement of business processes.

• A)Quality circle
• B)Muda
• C)Kaizen
• D)Root cause analysis
• E)Business process reengineering

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Definitions:

Late 19th Century

The period from 1871 to 1900, marked by significant industrialization, technological advancement, and the consolidation of national states.

Standard Oil Trust

An American corporate monopoly that existed at the end of the 19th and the start of the 20th centuries, managed by John D. Rockefeller and partners through a trust, and was a pivotal company in the early oil industry.

Sherman Antitrust Act

A landmark federal statute in the U.S. that prohibits monopolistic business practices.

Antitrust Action

Legal measures taken to prevent or reduce monopoly power and to ensure competition in the marketplace.