The First Step in Work Simplification Is

question 40

Multiple Choice

The first step in work simplification is

• A) collecting data from those involved.
• B) analyzing the details to select the improvements.
• C) choosing the work to be improved.
• D) recording the data on work process flowcharts.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operating Activities

Activities related directly to the primary, day-to-day operations of a business, including sales, production, and administrative functions.

GAAP

Generally Accepted Accounting Principles, which are standardized guidelines for accounting practices.

Operating Activities

Business activities that relate directly to the production, sale, and delivery of a company's products or services.