An Aggregate Is a Collection of Individuals Who Happen to Be

question 63

True/False

An aggregate is a collection of individuals who happen to be at the same place at the same time.

Apply decision tree analysis and expected monetary value (EMV) calculations to make-or-buy decisions.

Understand the role of configuration management in service and product management.

Evaluate cost minimization strategies for physical and digital product designs.

Identify benefits of utilizing group technology and environmental teams in product design.

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Definitions:

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to better adapt and thrive.

Organizational Learning

The process through which an organization improves itself through better knowledge management, innovation, and adaptation.

Lifelong Learning

The ongoing, voluntary, and self-motivated pursuit of knowledge for personal or professional reasons throughout a person's life.

Teamwork

The assignment of work to groups of employees with various skills who interact to assemble a product or provide a service.