Policies and Procedures Used to Promote Efficient Company Operations Are

question 65

Multiple Choice

Policies and procedures used to promote efficient company operations are known as

• A) Asset controls
• B) Internal controls
• C) Management controls
• D) Cash controls
• E) Inventory control

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Definitions:

MU/P

Refers to the marginal utility per price, a concept in economics that describes the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service, relative to its price.

Process Innovation

The implementation of a new or significantly improved production or delivery method.

Scientific Principles

Fundamental concepts or laws that are based on scientific evidence and reasoning, serving as the foundation for scientific research and understanding of the natural world.

New Products

Innovations introduced to the market that meet new needs or better serve existing needs.