A __________ Is a Consistent View of What the Future

question 69

Multiple Choice

A __________ is a consistent view of what the future is likely to be.

• A) scenario
• B) program
• C) project
• D) strategic plan
• E) PERT network

Understand the concept of workflow and its importance in improving organizational task flow.

Comprehend the origins and development of total quality management.

Identify the objectives and techniques of process re-engineering for reducing costs and increasing efficiency.

Understand the process of work process analysis and its importance in achieving specific business goals.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Dividends

Payments made by a corporation to its shareholder members, typically in the form of cash or additional shares.

Depreciation Expense

A method to allocate the cost of a tangible asset over its useful life.

Consolidated Income Statement

A financial statement that combines the income statements of a parent company and its subsidiaries, presenting the financial performance of the entire group as a single entity.