The ________ Perspective Reflects Strategic Priorities Among Processes According to Their

question 95

Multiple Choice

The ________ perspective reflects strategic priorities among processes according to their contributions to customer and shareholder satisfaction.

• A) financial
• B) internal-business-process
• C) learning-and-growth
• D) external-relations

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Definitions:

Process Costing System

An accounting system used when products are identical and it's impractical to track individual costs, totaling costs for a period and spreading them evenly across all units produced.

Journal Entry

A record that keeps the financial transactions of a business in chronological order as they occur.

Process Costing System

An accounting methodology used in industries where production is continuous, assigning costs to units of product based on the process they go through.

Raw Materials Inventory

The stock of basic materials and components that are required in the manufacturing process before they are transformed into finished goods.