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

---

Definitions:

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Value Of Marginal Product

describes the additional revenue generated from employing one more unit of input, such as labor or capital.

Wage Rate

The amount of compensation a worker receives per unit of time or per task performed, often expressed per hour or per piece.

Supply Of Labor

The total number of workforce hours available for work in an economy at a given wage rate.