Which of the Following Is Broadly Defined as the Development

question 90

Multiple Choice

Which of the following is broadly defined as the development of new products, processes, organizations, management practices, and strategies?

• A)Privatization
• B)Economic deregulation
• C)Boundary spanning
• D)Innovation
• E)Benchmarking

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Definitions:

Activity Method

A depreciation technique that allocates the cost of an asset over its useful life based on its level of activity, such as units produced or hours used.

Sum-Of-The-Years'-Digits Method

A depreciation technique that accelerates the expense recognition, basing the calculation on a fraction of the sum of the years’ digits of the asset’s life.

Inventory System

A method used by organizations to maintain and manage the goods or materials that they stock, either for sale or for production purposes.

Depreciation Expense

A non-cash charge that reduces the value of an asset over time due to use, wear and tear, or obsolescence.