Match the Terms with the Definitions

question 23

Multiple Choice

Match the terms with the definitions.

-The rules that businesses must follow when preparing financial statements.

• A) accountant
• B) accounting
• C) accounting derk
• D) analyzing
• E) auditing
• F) bookkeeper
• G) budgeting
• H) Certified Public Accountant
• I) classifying
• J)controller
• K) corporation
• L) cost accounting
• M) financial accounting
• N) generally accepted accounting principles
• O) internal auditing
• P) interpreting
• Q) manufacturing business
• R) merchandising business
• S) para-accountant
• T) partnership
• U) recording
• V) reporting
• W) service business
• X) sole proprietorship
• Y) summarizing
• Z) tax accounting

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Definitions:

Work Process

A series of actions or operations undertaken to achieve a particular outcome in a business or professional setting.

Workflow

The sequence of processes through which a piece of work passes from initiation to completion, often involving multiple steps and stakeholders.

Process Reengineering

A basic revision and profound transformation of company procedures to secure substantial gains in key performance indicators like cost, quality, service, and speed.

Michael Hammer

An American engineer, management author, and business consultant known for his work on reengineering business processes.