The B/AR/CR Process Comprises Three Different but Related Processes-Namely, Billing

question 98

Multiple Choice

The B/AR/CR process comprises three different but related processes-namely, billing, accounts receivable, and cash receipts. Which of the following would not be an operations process goal for these three processes?

• A) ensure effectiveness of operations
• B) ensure AR master data update accuracy
• C) ensure efficient employment of resources
• D) ensure security of resources

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Definitions:

Effective Tax Rate

The average percentage of net income that a person or corporation pays in taxes, effectively showing the portion of income gone to taxes.

Non-Controlling Interest

A minority share of ownership in a subsidiary that is not directly controlled by the parent company, typically reflected in the equity section of the consolidated financial statement.

Consolidated Financial Position

A representation of a parent company and its subsidiaries' financial status as one entity, summarizing assets, liabilities, and equity.

Acquisition Differential

The difference between the purchase price of a company and the fair value of its identifiable net assets at the acquisition date.