The modern management tool that focuses on restrictions that limit a firm's ability to maximise long-run profit is commonly known as:
A) linear progression.
B) constraint manipulation.
C) theory of constraints.
D) game theory.

Question

Quizplus · Accepted Answer

The theory of constraints is a modern management tool that aims to identify the specific restrictions that limit a firm's ability to maximize its long-run profit. By identifying these constraints, managers can prioritize their efforts to remove or alleviate them, thereby improving the overall performance of the organization. Linear progression and game theory are not directly related to constraint management, while constraint manipulation is not a commonly used term in this context.

The Modern Management Tool That Focuses on Restrictions That Limit