A Good Example of a Useful Policy to Minimize Waste

question 68

Multiple Choice

A good example of a useful policy to minimize waste and mistake is ____.

• A) avoid tight control over critical tables
• B) system report titles should be as brief as possible and simply indicate the report number
• C) users should implement proper procedures to ensure correct input data
• D) all of the above

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Definitions:

Cash Outflows

Payments or expenditures made by a business or individual, resulting in a decrease in cash balance.

Useful Life

The estimated duration of time that an asset is expected to be useful in operations, contributing to the company's income generation.

Required Rate of Return

The minimum rate of return on an investment that is acceptable to an investor or required to cover costs.

Cash Flow

The total amount of money being transferred in and out of a business, particularly affecting liquidity and overall financial health.