What Results from Methods Analysis

question 81

Multiple Choice

What results from methods analysis?

• A) a graph of how long each step takes
• B) an evaluation of current employees
• C) time standards
• D) guidance for designing jobs
• E) a standard, detailed procedure for an operation

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Definitions:

Internal Control

Procedures and measures adopted within an organization to safeguard its assets, ensure accurate and reliable financial reporting, and comply with laws and regulations.

Bank Reconciliation

The process of comparing and adjusting the balance of an account as reported by a bank with the balance in the company’s records.

Internal Control

Processes designed to ensure the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.

Income Statement

An income statement is a financial statement that shows a company's revenues and expenses over a specific period of time, ultimately revealing the company’s profit or loss.