Match the Following Terms to the Appropriate Definitions

question 35

Multiple Choice

Match the following terms to the appropriate definitions.

-An idea that rejects the notions of "good enough" and "acceptable" and challenges employees and managers to continually experiment with new and improved business practices.

• A)Managerial accounting
• B)Continuous improvement
• C)Raw materials inventory
• D)Customer orientation
• E)Just-in-time manufacturing
• F)Goods in process inventory
• G)Lean business model
• H)Balanced scorecard
• I)Prime costs
• J)Raw materials inventory turnover

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Definitions:

Change Leaders

Individuals or entities that drive and manage the transformation within an organization or community towards a desired future.

Status Quo Managers

are managers who prefer maintaining current conditions and are resistant to change.

Bottom-Up Initiatives

Approaches or strategies initiated by lower-level employees or groups aiming to influence decision-making or bring about organizational change.

Institutional Capability

The abilities and resources that institutions possess enabling them to effectively achieve their goals and fulfill their mission.