Companies Implementing Kaizen Budgeting Believe That Employees Who Actually Do

question 144

True/False

Companies implementing kaizen budgeting believe that employees who actually do the job have the best knowledge of how the job can be done better.

Analyze the role of technology in modern manufacturing and service delivery.

Understand the concept of the value chain and its analysis to improve efficiency and effectiveness in operations.

Understand the basic principles and terminologies of economics such as marginal cost, opportunity cost, and efficient markets.

Distinguish between microeconomics and macroeconomics, including their areas of study and questions they address.

---

Definitions:

Hostile Attribution Bias

The tendency to interpret others' behaviors as having hostile intent, even when the behaviors are ambiguous or benign.

Weapons Effect

The phenomenon where the mere presence of a weapon can increase aggression in individuals.

Narcissism

A personality trait characterized by an inflated sense of self-importance and a deep need for admiration and attention.

Grandiose View

An exaggerated self-perception of being superior, unique, or exceptional, often seen in narcissistic personality traits.