What Term Refers to the Performance Improvements That Occur Because

question 71

Multiple Choice

What term refers to the performance improvements that occur because people work together rather than independently?

• A) process gain
• B) process loss
• C) team efficiency
• D) cohesiveness

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Definitions:

Inventory Period

The time it takes to acquire and sell inventory.

Operating Cycle

The duration between the acquisition of inventory by a company and the receipt of cash from accounts receivable, indicating how quickly a company turns over inventory and collects debts.

Incremental Cash Flow

The additional cash flow an organization receives from taking on a new project.

Credit Policy

Guidelines that a company follows to determine credit terms for customers, including who is offered credit and on what terms.