Which of the following is not representative of muda?
a. any activity that does not add value
b. any activity that is unproductive
c. waste that occurs from any variation in output
d. any activity that impacts demand elasticity
d. any activity that impacts demand elasticity
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Manufacturing resources planning (MRP II) has evolved into enterprise resource planning (ERP)
Indicate whether the statement is true or false
According to the ______ contingency approach of organizational structure, the contingencies that affect organizations operate in a similar fashion across cultures.
A. size B. technology C. culture-free D. strategy
A liability judgment against an individual constitutes a pure risk.
Answer the following statement true (T) or false (F)
Which of the following is not a risk handling technique?
A) Loss control B) Loss diversification C) Loss transfer D) Loss financing