Match Each of the Following Terms with Its Corresponding Definition

question 141

Multiple Choice

Match each of the following terms with its corresponding definition.
-The search for,and implementation of,radical change in business processes to achieve breakthrough improvements in products and services.

• A)business process reengineering
• B)closed-ended questions
• C)disruptive technologies
• D)formal system
• E)informal system
• F)JAD session leader
• G)key business processes
• H)open-ended questions
• I)scribe

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Definitions:

Depreciation Expense

The portion of the cost of a fixed asset that is considered consumed during its period of use by a business.

Prepaid Expenses

Costs incurred before receiving goods or services that are expected to be provided later.

Accounts Receivable

Funds that are due to a company from its customers for goods or services that have been delivered or sold but not yet paid for.

Inventories

are the raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.