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:

Revenue

The income that a business earns from its normal business activities, usually from the sale of goods and services to customers.

Income

Money received, especially on a regular basis, for work or through investments.

Goods

Physical items that are produced for sale or use, ranging from commodities and raw materials to finished products.

Brokers

Individuals or entities that act as intermediaries between buyers and sellers in various transactions, often in markets such as real estate, stocks, or insurance.