Which of the following aspect of a contemporary management technique is a framework and process that organizations use to manage the occurrence of possible events that could negatively or positively affect the company's competitiveness and success?
A)Total quality management
B)Lean accounting
C)The theory of constraints
D)Enterprise sustainability
E)Enterprise risk management

Question

Quizplus · Accepted Answer

Enterprise risk management is a framework and process that organizations use to manage the occurrence of possible events that could negatively or positively affect the company's competitiveness and success. Total Quality Management is a management approach that seeks to optimize quality and performance at all levels of the organization. Lean accounting is a management accounting approach that focuses on minimizing waste and maximizing value. The theory of constraints is a management approach that identifies the most critical limiting factor (or constraint) in a process and focuses on improving that area to increase overall efficiency. Enterprise sustainability focuses on the long-term viability and success of the organization while minimizing negative environmental and social impacts.

Which of the Following Aspect of a Contemporary Management Technique