Which of the Following Types of Changes Involves a New

question 10

Multiple Choice

Which of the following types of changes involves a new idea being applied to initiating or improving a product, process, or service?

• A)continuous improvement
• B)double-loop learning
• C)innovation
• D)process reengineering
• E)organizational streaming

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Definitions:

Operating Activities

Transactions and events that affect the net income of a business, involving the primary revenue-producing activities of the entity.

Indirect Method

A method used in cash flow statement preparation that starts with net income and adjusts for changes in balance sheet accounts to arrive at cash provided by operating activities.

Cash Dividends

Earnings distributed by a company to its investors, usually representing a portion of profits.

Financing Activities

Transactions involving changes in the equity and borrowing of a firm as reported in its cash flow statement.