What Is the Process of Computerizing Manual Tasks, Making Them

question 12

Multiple Choice

What is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs?

• A) Workflow
• B) Swim lane
• C) Automation
• D) Streamlining

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Definitions:

Net Assets

The difference between total assets and total liabilities, representing the owner's or shareholders' equity in a company.

Cost

The amount of money required to purchase something or the expense associated with creating a product or service.

Selling Price

The amount of money for which a product is sold to the consumer.

Completed-Contract Method

An accounting strategy where revenue and expenses of a long-term project are deferred until the project is completed, at which point they are recognized in the fiscal period of completion.