Which of the Processes Below Attempts to Understand and Measure

question 20

Multiple Choice

Which of the processes below attempts to understand and measure the current process and make improvements?

• A)Business process mapping
• B)Business process re-engineering
• C)Business process improvement
• D)Business process model

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Definitions:

Variable Costing

An accounting method that includes only variable costs—costs that change with production levels—in the calculation of cost of goods sold and excludes fixed costs.

Net Operating Income

The total earnings from a company's operations after deducting operating expenses but before interest and taxes.

Net Operating Income

The profit a company makes after deducting operating expenses from gross profit, not including income and expenses from investments and interest.

Variable Costing

An accounting method that only considers variable costs in determining the cost of products.