Of the following, which 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 the 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 business approach that seeks to improve quality and performance, Lean accounting is an accounting approach that focuses on reducing waste and improving efficiency, the theory of constraints is a management approach that identifies and addresses bottlenecks in the production process, and enterprise sustainability focuses on the long-term environmental and social impact of a company's operations.

Of the Following, Which Aspect of a Contemporary Management Technique