The Benefits of Operational Control May NOT Extend to Manufacturing

question 92

True/False

The benefits of operational control may NOT extend to manufacturing environments that are emphasizing continuous improvement and just-in-time (JIT) purchasing and manufacturing.

Recognize the historical context and evolution of organizational models, particularly during the Industrial Revolution.

Classify types of behavior patterns of professionals in bureaucratic settings.

Understand the concept of needs assessment and its scope.

Comprehend the strategy of management by objectives and its implementation steps.

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Definitions:

Marginal Social Benefit

The additional gain to society as a whole from consuming or producing one more unit of a good or service.

Marginal Social Cost

The additional cost imposed on society as a whole by producing one extra unit of a good or service.

Nonrival

A good or service that can be consumed by one individual without preventing the consumption of the good by another individual.

Nonexcludable

A characteristic of a public good, indicating that it is not feasible to prevent non-paying customers from consuming the good.