basic entrepreneurship - semester B 2023
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The classical approach to risk management is failure mode and effects analysis (FMEA)
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Contingency planning involves creating an alternative plan to address foreseen risks.
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The four dimensions of risk are impact, detection, time frame, and uncertainty.
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Which risks are commonly faced by businesses? Mark all that apply.
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What are the approaches to managing risks in strategic decision-making? Mark all that apply.
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What are the Toyota 8 wastes that the Lean approach focuses on reducing?
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Which principle of Lean manufacturing focuses on making small, incremental changes to continuously improve practices?
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Lean startup is the methodology for developing business and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable?
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Lean manufacturing emphasizes individual piecework over teamwork cells.
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