Which Step of the SARA Process Focuses on Confirming That

question 10

Multiple Choice

Which step of the SARA process focuses on confirming that the problem exists and identifying the consequences of the problem?

• A)Scanning
• B)Analysis
• C)Response
• D)Assessment

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Definitions:

Sales Discount

A reduction in the price of goods or services offered to customers, usually to encourage prompt payment.

Perpetual Inventory System

This technique documents transactions of inventory sales or purchases in real-time, utilizing computer-based point-of-sale systems and software designed for managing company assets.

Physical Inventory

The process of counting the actual items of inventory in stock to verify records and accounts.

Single-Step Income Statement

A form of income statement in which the total of all expenses is deducted from the total of all revenues.