A Business Process That Crosses into Multiple Companies Is Known

question 22

Multiple Choice

A business process that crosses into multiple companies is known as a(n) ________ business process.

• A) enterprise
• B) interenterprise
• C) cross-functional
• D) departmental

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Definitions:

Probable

Likely to occur or to be true, often used in accounting to describe the likelihood of a future event affecting financial statements.

Working Capital

The measure of a company's operational liquidity, calculated as current assets minus current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Interest Accrual

A process where interest that has been earned or incurred but not yet paid is recognized and recorded within accounting periods.