What Is NOT a Characteristic of Continuous Improvement

question 103

Multiple Choice

What is NOT a characteristic of continuous improvement?

• A)It's critical in a dynamic environment.
• B)It's important to finding and maintaining a competitive advantage.
• C)It's an effort to find ways to increase overall efficiency,improve quality,and reduce costs.
• D)It's often too costly to implement.

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Definitions:

Sophisticated Version

An advanced or complex form of something, often referring to technology, systems, or methodologies.

Rational Expectationists

Economic theorists who believe individuals make predictions based on available information and in a way that errors cancel out over time.

Recessionary Gaps

A situation in macroeconomics where the real GDP is lower than the potential GDP, indicating underutilized resources and less-than-full employment in the economy.

Inflationary Gaps

Situations where the demand for goods and services exceeds the production capacity of the economy, leading to an upsurge in price levels.