Which of the Following Objectives Is a Major Principle of Theory

question 91

Multiple Choice

Which of the following objectives is a major principle of theory of constraints (TOC) accounting when applied to a supply chain?

• A) Total inventory reduction
• B) Maximize process utilization
• C) Maximize revenue generation
• D) Product design simplification

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Definitions:

Bank Reconciliation

The procedure of aligning the figures in a company's bookkeeping records for a cash account with the equivalent data on a bank statement.

External Auditors

External auditors are independent accounting professionals who examine the financial statements of an organization to ensure accuracy and compliance with applicable standards and regulations.

Internal Control System

Procedures and policies set by an enterprise to preserve the correctness of its financial and bookkeeping details, advance accountability, and obstruct malicious acts.

Financial Records

Documented information of a business's operations, including income, expenses, assets, and liabilities, used to track financial performance.