The Fundamental Rethinking and Radical Redesign of Business Processes to Achieve

question 43

Multiple Choice

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost,quality,and speed is called:

• A)reengineering.
• B)Six Sigma.
• C)lean manufacturing.
• D)Total Quality Management.

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Definitions:

Ethical Issues

Concerns or problems that arise in the realm of morality and values, affecting decisions and actions in personal and professional contexts.

Power of Attorney

A formal document granting one individual the power to represent another in matters of law or finance.

Unilateral Mistake

This occurs when only one party to a contract is mistaken about a fundamental fact of the contract, which can affect the enforceability of the contract.

Implied Misrepresentation

A false statement or omission made indirectly or through implication that leads others into error.