Lean Management primarily aims to:
AMaximize profits only
BMinimize costs only
CMaximize customer value while minimizing waste
DEliminate employees to save resources
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Related Questions:
Why are Scrum teams described as self-organizing?
Which of the following statements accurately describe Quality Management?
- Quality Management is a process focused solely on inspecting final products for defects.
- It is a comprehensive process of overseeing all activities to ensure a desired level of excellence in products, services, and processes.
- Quality Management is a narrow, reactive process focused on finding and fixing problems after they occur.
- It is a broader concept than Total Quality Management (TQM), encompassing both the end result and the means to achieve it.
Total Quality Management (TQM) can best be described as:
Why is it crucial to balance authority and responsibility, according to Fayol's principle?
Consider the following statements: Which is/are correct?
- Taylor advocated for scientific selection and training of workers to achieve maximum efficiency and prosperity.
- Efficiency can be improved by employing workers without training them in best methods.
- Assignment of work must suit the physical and mental capabilities of the employee.