How Can Information Systems Be Used to Improve Processes

question 33

Multiple Choice

How can information systems be used to improve processes?

• A) by creating a bottleneck situation
• B) by improving one of the activities in the process
• C) by removing unproductive resources
• D) by minimizing automation

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Definitions:

Insurance Expense

The cost recognized in accounting for premiums paid on insurance policies covering various risks to a business.

Financing Activities

Transactions and events where cash is raised from or repaid to investors and creditors, such as issuing equity or borrowing.

Company's Stock

Equity securities representing ownership interests in a corporation, giving shareholders a claim on its earnings and assets.

Direct Method

A way of preparing the cash flow statement where actual cash flows from operating activities are reported instead of adjustments to net income.