To Add Value to the Business, What Are the Four

question 324

Multiple Choice

To add value to the business, what are the four reasons to monitor and measure?

• A) Validate; Direct; Justify; Improve
• B) Evaluate; Diagnose; Justify; Intervene
• C) Validate; Direct; Justify; Intervene
• D) Evaluate; Direct; Justify; Improve

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Definitions:

Inventory Reports

Detailed documents that track the quantity, location, and status of inventory items within a business, aiding in inventory management and control.

Audit Log

A chronological documentation that captures the detailed activities or changes within an application or system for review and compliance monitoring.

Financial Statements

Collective records of a company's financial activities, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity, providing insights into its financial condition and operations.

Dashboard

A user interface that provides a quick overview of various metrics and performance indicators, often customizable and used in software applications.