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Match Each of the Following Terms with Its Description

question 165

Multiple Choice

Match each of the following terms with its description.
-The conservation of inputs and outputs to a data flow diagram process when that process is decomposed to a lower level.


Definitions:

Financial Accounting

The practice of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

PDCA Cycle

A management method used for continuous improvement, standing for Plan-Do-Check-Act.

Continuous Improvement

An ongoing effort to enhance products, services, or processes by making incremental improvements over time.

Lean Business Model

A strategic approach focused on maximizing customer value while minimizing waste, improving overall efficiency.

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