Which of the Following Is an Example of Process Reengineering

question 77

Multiple Choice

Which of the following is an example of process reengineering measure?

• A) charging higher prices to increase tax benefit
• B) decreasing quantity of output produced to increase total factor productivity
• C) increasing costs of all inputs used to increase total factor productivity
• D) employing more skilled workers to improve quality

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Definitions:

Current Ratio

An indicator of how well a company can fulfill its short-term financial liabilities using assets that are readily convertible to cash.

Acid-Test Ratio

A financial metric that measures a company’s ability to pay off its current liabilities with only quick assets, excluding inventory.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers by dividing net credit sales by the average accounts receivable.

Industrial Averages

Statistical measures that represent the performance of the industrial sector within an economy, often used as indicators for stock market trends.