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:

Dollar Return

The total profit or loss in dollar terms from an investment, including both capital gains and dividends or interest.

Dollar Rate

The exchange rate of a currency against the US dollar, indicating how much one US dollar is worth in the foreign currency.

Mathematical Definition

A precise and formal description of a term or concept within the realm of mathematics.

Investment

The act of allocating resources, usually money, with the expectation of achieving a gain or profit over time.