The Term _____ Refers to an Integrated Approach to Organizational

question 57

Multiple Choice

The term _____ refers to an integrated approach to organizational performance management that results in delivery of ever-improving value to customers and stakeholders, contributing to organizational sustainability.

• A) fitness for use
• B) gap analysis
• C) performance excellence
• D) accreditation

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Definitions:

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry.

Generally Accepted Accounting Principles

A collection of commonly followed accounting rules and standards for financial reporting in the United States.

Financial Accounting Standards Board

An independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Private Sector

The private sector comprises businesses and organizations not owned or operated by the government, typically focused on profit-making objectives.