The Management Practice That Increases Profitability Through the Management of Bottlenecks

question 34

Multiple Choice

The management practice that increases profitability through the management of bottlenecks is known as:

• A) the theory of constraints.
• B) the theory of restraints.
• C) the materiality principle.
• D) total quality management.

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Definitions:

Bureaucratic Organisation

An organization structured on formal procedures, hierarchy, and a clear division of labor, which emphasizes control and standardization.

Max Weber

A German sociologist, philosopher, and political economist known for his theory on the structure of authority and his analysis of bureaucracy.

Performance Deficiencies

Situations where an individual's or organization's performance falls below an established standard or expectation.

Psychological Deficiency

A lack or shortage in psychological wellbeing, possibly related to cognitive, emotional, or social aspects of a person's life.