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

question 6

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:

Utilities Possibilities Frontier

A curve depicting all possible allocations of goods and services that maximize two or more parties' utility under a given condition.

Utilities Possibilities Frontier

A graph that shows the maximum satisfaction levels of two or more agents in an economy based on the allocation of resources.

Marginal Utility

The change in satisfaction or utility an individual gains from consuming an additional unit of a good or service.

Efficient

The quality of achieving maximum productivity with minimum wasted effort or expense.