An Organization's __________ Are Action-Oriented Statements That Define the Continuous

question 26

Multiple Choice

An organization's __________ are action-oriented statements that define the continuous improvement activities that must be done to be successful.

• A)strategies
• B)objectives
• C)targets
• D)mission statements

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Definitions:

Pure Command Economy

An economic system where all production, investment, prices, and incomes are controlled by the government.

Privately Owned

Refers to properties, businesses, or assets that are owned by individuals or private companies and not by the state or public entities.

Price System

A mechanism through which prices adjust to balance supply and demand for goods and services in an economy.

Centralized Planning

A system of economy where all choices related to the creation and allocation of goods and services are made by a central governmental body.