Operational Effectiveness Refers To

question 72

Multiple Choice

Operational effectiveness refers to:

• A) the implementation of technology in a business context.
• B) performing the same tasks better than rivals perform them.
• C) the number of times inventory is sold or used during the course of a year.
• D) performing different tasks or the same tasks in different ways.
• E) matching the benefits of a successful position while maintaining an existing position.

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Definitions:

Post-Closing Trial Balance

A listing of all company account balances after closing entries are made, ensuring the ledger is balanced before starting a new accounting period.

Balance Sheet Account Balances

The values at a specific point in time for assets, liabilities, and equity accounts as represented in a company's balance sheet.

Accounting Period

A specific time frame for which financial information is reported, commonly a year, quarter, or month.

Equality

A principle in accounting that refers to the balance between total debits and total credits in a double-entry bookkeeping system.