The Skills,know-How,experience,scientific Knowledge,tools,machines,computers,and Equipment Used in the Design,production and Distribution

question 22

Multiple Choice

The skills,know-how,experience,scientific knowledge,tools,machines,computers,and equipment used in the design,production and distribution of goods and services are called:

• A)TQM
• B)Innovation
• C)Technology
• D)Value chain management
• E)Creativity

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Definitions:

Stakeholders

The groups of people affected by a firm’s decisions.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving judgment, evaluation, and reasoning.

Consequentialism

A general approach to ethical dilemmas which requires that we consider the consequences our actions will have on relevant people.

Rigid Set

In mathematics, a set whose members adhere to strict criteria or definitions, often used in contrast to more flexible or loosely defined collections.