The Goal of This Analysis Strategy Is to Change the Fundamental

question 34

Multiple Choice

The goal of this analysis strategy is to change the fundamental way the organization operates and to make major changes by taking advantage of new ideas, methods and technology.

• A) business process automation
• B) business process benchmarking
• C) business process improvement
• D) business process reengineering
• E) business process systemization

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of completion and the costs necessary to make the sale.

Lower Of Cost

A accounting principle that mandates reporting the cost of inventory and other assets at the lower of their original cost or current market value.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as GAAP.

Lower Of Cost

An accounting principle requiring inventory to be recorded at the lower of its historical cost or market value.