Several Trends Have Made the Use of ____ Very Important

question 34

Multiple Choice

Several trends have made the use of ____ very important in business; among them,the variety and ingenuity of computer programs have increased.

• A) data maps
• B) information lists
• C) information systems
• D) total systems

Understand the significance of resolving bottlenecks to improve efficiency and profitability.

Identify root-cause cost drivers and their impact on operational efficiency.

Analyze the impact of effective inventory management and its relation to non-value-added activities.

Understanding the principles and steps involved in Business Process Re-engineering (BPR).

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Definitions:

Linear Equation

A formula involving two variables that results in a linear plot on a chart.

Discount

A reduction applied to the usual cost of goods or services.

Markup Rate

The percentage added to the cost price of goods to cover overhead and profit.

Markup

The amount added to the cost price of goods to cover overhead and profit.