What Is a Process Improvement Approach That Contains 22 Process

question 57

Multiple Choice

What is a process improvement approach that contains 22 process areas created by a group from government, industry, and Carnegie Mellon's Software Engineering Institute?

• A)CoBIT Information Systems Audit and Control Association
• B)Information Technology Infrastructure Library
• C)Committee of Sponsoring Organizations
• D)Capability Maturity Model Integration Method

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Definitions:

Net Operating Income

A measure of a company's profitability from its core business operations, excluding deductions of interest and taxes.

Variable Costing

A costing method that includes only variable manufacturing costs in product costs, treating fixed manufacturing overhead as a period expense.

Unit Product Cost

The comprehensive expenditure involved in creating a single product unit, encompassing direct materials, direct labor, and assigned overhead costs.

Absorption Costing

A method in accounting that integrates every manufacturing expense – direct materials, labor, and all overheads (variable and fixed) – into the product’s price.