The Owner-Manager's Task Is to

question 16

Multiple Choice

The owner-manager's task is to

• A)maximize production to utilize 100% of the business's capacity
• B)produce goods as quickly as possible
• C)organize production so as to produce goods efficiently
• D)ensure that production satisfies its customers' demands

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Definitions:

Team Development

The phase-based process of building stronger, more effective teams through various stages of growth and collaboration.

Forming, Storming, Norming, Performing

A model describing the stages that teams typically go through, from their formation and initial orientation to achieving high levels of performance.

Employee Involvement Groups

Organized groups within a company that provide employees with a platform to contribute ideas, feedback, and participate in decision-making processes.

Quality Circles

Groups of workers who voluntarily meet on a regular basis to discuss and propose solutions to workplace issues with the aim of enhancing performance and efficiency.