The Team Approach to Solving Problems and Locating Opportunities for System

question 23

Multiple Choice

The team approach to solving problems and locating opportunities for system improvement involves five steps. The first step is to discover what could be the most important accomplishments of the team and what changes are desirable. The best method of accomplishing step one is to:

• A) Compare job descriptions.
• B) Analyze mission and goals.
• C) Brainstorm.
• D) Develop charts and diagrams.

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Definitions:

Revenue Account

An account that records the income generated by a business from its normal operational activities.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.

Taxes Payable

The amount of tax a company or individual owes to the tax authorities but has not yet paid by the end of the accounting period.

Taxes Expense

The total amount of taxes owed by an individual or corporation to the government within a fiscal period.