The Goal of _________ Is to Eliminate Unnecessary Non-Value Added

question 79

Multiple Choice

The goal of _________ is to eliminate unnecessary non-value added processes,then to simplify and automate the remaining processes to reduce cycle time,labor,and costs.

• A)Strategic planning
• B)Business process reengineering
• C)Real-time information systems
• D)Business Intelligence

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Definitions:

Net Working Capital

Net working capital is a financial metric that measures a company's ability to pay off its current liabilities with its current assets.

Interest Expenses

Costs incurred by an entity for borrowed funds, typically presented in the income statement as a deduction from revenues.

Operating Cash Flows

Cash generated from the normal operations of a business, including revenue from sales minus operating expenses.

Hydromechanical Transmission

A type of transmission that combines hydraulic and mechanical components to control power flow and speed changes.