___________________Refers to the Radical Design of New Processes That Include

question 23

Short Answer

___________________refers to the radical design of new processes that include new approaches to work, new organizational structures, and new relationships with customers, suppliers, partners, and employees.

---

Definitions:

Adjusted Trial Balance

A compilation of every account along with their revised balances following adjustment entries, utilized in the preparation of financial reports.

Closing Entries

Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.

Temporary Accounts

Accounts used to collect revenues, expenses, and withdrawals for a single accounting period, which are then closed and transferred to permanent accounts at period end.