______________ Is a Process of Continuously Measuring System Results,comparing Those

question 18

Short Answer

______________ is a process of continuously measuring system results,comparing those results to optimal system performance,and identifying steps and procedures to improve system performance.

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Definitions:

Float Period

The time between when an individual writes and submits a check and when the check is cleared from the account.

Credit Sale

A transaction in which the buyer is allowed to take possession of goods or services before payment is made, typically under agreed terms of payment.

Accounts Receivable

Unsettled payments by customers to a company for delivered goods or services.

ABC Model

A management approach that identifies and assigns costs to activities and then links them to specific products, services, or customer segments.