In Automation

question 53

Multiple Choice

In automation

• A) business processes are simplified.
• B) business processes are reorganized to cut waste and eliminate repetitive, paper-intensive tasks.
• C) standard operating procedures are streamlined to remove bottlenecks.
• D) employees are enabled to perform their tasks more efficiently.

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Definitions:

Gain on Sale

The profit earned from selling an asset for more than its purchase price.

Net Realisable Value

The projected sales price under normal business operations minus the anticipated expenses to complete and the estimated costs required for the sale.

AASB 102

An Australian Accounting Standard Board regulation that specifies the accounting treatment for inventories, defining the costing methods and recognition criteria.

Inventories

Inventory held with the aim of disposal in customary business dealings, including products in the creation process intended for such deals, or as raw goods or stock for consumption in generating products or executing services.