A Technique for Improving Performance of Activities and Processes That

question 56

Multiple Choice

A technique for improving performance of activities and processes that searches for best practices is called

• A)value-added reporting.
• B)kaizen costing.
• C)trend reporting.
• D)benchmarking.

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Definitions:

Preexisting Duty Rule

In contract law, a principle that states if someone is already legally required to perform a certain duty, promising to perform that duty is not sufficient consideration for a new contract.

Consideration

The value (such as money, services, or goods) promised in a contract that motivates parties to enter into the agreement.

Ethical

Related to moral principles or the branch of knowledge dealing with these.

Liquidated Debt

A debt where the amount owed is known and determined, not subject to future conditions.