The Process of Completely Overhauling an Operation to Achieve the Greatest

question 13

Multiple Choice

The process of completely overhauling an operation to achieve the greatest possible benefits to the customer and to the organization is known as _____.

• A)configuring
• B)standardizing
• C)innovating
• D)reengineering
• E)integrating

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Definitions:

Indirect Method

A financial accounting technique used in cash flow statements to adjust net income for the effects of non-cash transactions.

Current GAAP

Generally Accepted Accounting Principles as they are presently defined and practiced in the United States for financial reporting.

Direct Method

A way of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Operating Activities

Operating activities involve the primary day-to-day functions of a business related to producing and selling its goods or services.