What Is the Primary Purpose of Reengineering and Methods Improvement

question 90

Multiple Choice

What is the primary purpose of reengineering and methods improvement?

• A) to find the proper time required for each work activity
• B) to establish the standard cost for each work activity
• C) to increase the quality level of products
• D) to improve a firm's productivity and competitive strength

---

Definitions:

Unsecured Creditors

Creditors who have lent money without taking collateral, meaning they have no special claim on a debtor’s assets if the debtor fails to pay.

Total Assets

The sum of all resources owned by a company, valued at the time of the balance sheet creation.

Priority

The order of importance or urgency, or the order in which claims against a company will be satisfied in the event of liquidation.

Financial Affairs

All matters related to the management, investment, and handling of money and monetary instruments of an individual or organization.