Which Guiding Principle Considers How the Steps of a Process

question 214

Multiple Choice

Which guiding principle considers how the steps of a process can be performed as efficiently as possible?

• A) Start where you are
• B) Focus on value
• C) Think and work holistically
• D) Optimize and automate

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Definitions:

Cash Receipts

Money received by a business during a given period, including cash sales, received payments on accounts receivable, and other cash inflows.

Cash Payments

Payments made in the form of currency or check to settle a transaction or account.

Ledger

A comprehensive collection of a company's financial accounts where journal entries are summarized and recorded.

Increase Side

Refers to the column in accounting or financial records where increases in the value of an account are recorded.