$3.00 Constraint Corporate governance Decentralization Enterprise risk management Lean thinking model
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Match each of the following terms with its definition.
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Constraint |
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Corporate governance |
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Decentralization |
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Enterprise risk management |
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Lean thinking model |
a. ______________________ The system by which a company is directed and controlled; if properly implemented, it should provide incentives for top management to pursue objectives that are in the interests of the company and effectively monitor performance.
b. ______________________ Anything that prevents an organization or individual from getting more of what it wants.
c. ______________________ A five-step management approach that organizes resources around the flow of business processes.
d. ______________________ A process used by a company to help identify the risks that it faces and to develop responses to those risks that enable the company to be reasonably assured of meeting its goals.
e. ______________________ The delegation of decision-making authority throughout an organization by providing managers with the authority to make decisions relating to their area of responsibility.
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- Posted on Jan. 11, 2012 at 02:15:35AM