What Is a Concept That Takes a Total System Approach

question 119

Multiple Choice

What is a concept that takes a total system approach to creating efficient operations?

• A) lean systems
• B) enterprise resource planning
• C) customer relationship management
• D) management science
• E) management information systems

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Definitions:

Collection System

A process or network designed for gathering and transporting something, often used in the context of waste collection or receivables in finance.

Breakeven Point

The moment when a business's revenues equal its costs, meaning the business is neither making a profit nor a loss.

Fixed Costs

Expenses that do not vary with production volume, such as rent, salaries, and insurance.

Variable Costs

Expenses that change in proportion to the level of production or sales volume, such as raw materials and labor costs.