Magnus, an industrial engineer in a garment manufacturing company, introduced small procedures to detect errors in the production process. These procedures help workers spot mistakes in the garments before they are moved to the next stage. In the given scenario, Magnus most likely introduced _____.
A. green practices
B. artifacts
C. poka-yokes
D. the Kaizen system
Answer: C
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According to Michael Porter, which of the following is a broad market strategy that can enable companies to offer lower prices to customers in the late, more competitive stages of the product life cycle?
A) focused differentiation B) product differentiation C) cost leadership D) cost focus
Under the RMBCA, a pre-incorporation subscription may be revoked at any time without the consent of the subscribers
a. True b. False Indicate whether the statement is true or false
A(n) ________ relationship develops when people not directly in the chain of command evaluate the methods and performances of other teams.
A. advisory B. work-flow C. liaison D. service E. audit
Which of the following statements regarding the Portfolio selection problem is FALSE?
A) Decision variables typically involve the amount to be invested in each investment choice. B) Minimizing risk is the most common objective. C) Alternate formulations are possible. D) Maximizing return on investments subject to a set of risk constraint is a typical problem formulation. E) Legal constraints can be introduced in addition to risk constraints .