The Effort to Reduce Costs of Existing Products and Processes

question 31

Multiple Choice

The effort to reduce costs of existing products and processes is named:

• A)Activity reduction
• B)Activity elimination
• C)Activity selection
• D)Kaizen costing

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Definitions:

Role Underload Stress

Stress experienced when an individual has too few responsibilities or tasks, leading to feelings of underutilization or boredom.

Internal Locus

The belief that one controls their own destiny and outcomes are the result of one's own efforts and characteristics.

Cost Estimator

A professional or tool responsible for predicting the expense associated with projects, products, or services before they are executed or produced.

Failure Analysis

The systematic examination of failed components or systems to determine the underlying causes of failure and prevent future occurrences.