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:

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, stripping out the effects of inflation.

GDP

Gross Domestic Product, a measure of the total economic output of a country within a specific time period.

Net Exports

The difference between a country's total value of exports and its total value of imports.

Economic Well-Being

The level of prosperity and standard of living enjoyed by an individual, group, or nation, often measured through indicators like income, poverty rates, and unemployment.