Which of the Following Is the Process of Measuring Your

question 114

Multiple Choice

Which of the following is the process of measuring your organizational process against the best in the industry?

• A) Outsourcing
• B) Continuous improvement
• C) Environmental analysis
• D) Benchmarking
• E) Competitive measurement

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Definitions:

Outstanding Checks

Outstanding checks are checks that have been written and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Reconciled Balance

The balance of an account after all discrepancies have been analyzed and adjustments have been made to reflect the true amount.

Checkbook Balance

The total amount of money available in an individual's checking account, as recorded in their checkbook.

Outstanding Checks

Checks that have been written and recorded in the accounting books but not yet cashed or cleared by the bank.