Changing Business Processes with MIS Outlines How to Improve the Three

question 76

Multiple Choice

Changing business processes with MIS outlines how to improve the three levels of business processes which include operational, managerial, and strategic. From operational to strategic, what are the three major improvement strategies that the author describes?

• A) Automation - streamlining - reengineering
• B) Artificial intelligence - streamlining - reengineering
• C) Automation - workflow - reinvention
• D) Automation - consolidating - restructuring

Understand the procedures required to comply with employment-related laws, such as the Immigration Reform and Control Act.

Understand the concepts and applications of various measures of central tendency (mean, median, mode) and their strengths and weaknesses.

Comprehend how to conduct basic calculations for descriptive statistics, including rounding procedures.

Recognize the influence of outliers and distribution shapes (e.g., skewed, bimodal) on measures of central tendency.

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Definitions:

Subsidiary Ledger

Individual accounts with a common characteristic grouped together in a separate or secondary ledger, which is used to support a controlling account in the general ledger.

Job Cost Sheet

An account in the work in process subsidiary ledger in which the costs charged to a particular job order are recorded.

Job Order Costing

A cost accounting system in which costs are assigned to specific jobs or batches, which are often custom orders.

Job Order Cost

A cost system that assigns costs directly to a specific job or batch of product, tracking direct labor, direct materials, and overhead.