An Approach Which Moves from a Department-Orientated Organization to a Process

question 106

Short Answer

An approach which moves from a department-orientated organization to a process team orientation is called
process improvement.
business process management.
six sigma.
outsourcing.
virtual restructuring.

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Definitions:

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.

Account Type

A classification used in accounting to differentiate various types of financial records, such as assets, liabilities, equity, revenues, and expenses.

Profitable

A financial condition where income exceeds expenses resulting in a net gain.

Accounting Equation

The fundamental formula in accounting that states that assets equal liabilities plus equity.