The Targets Toward Which an Open Management System Is Directed

question 12

Multiple Choice

The targets toward which an open management system is directed are known as ________.

• A)organizational purposes
• B)operational plans
• C)organizational objectives
• D)business processes
• E)objective indicators

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Definitions:

Operating Activities

Business actions that relate directly to the production, sale, and delivery of a company’s products or services, reflected in the cash flow statement.

Cash Flow

The total amount of money being transferred into and out of a business, affecting the company's liquidity.

Indirect Method

A way of calculating cash flows from operating activities by starting with net income and adjusting it for changes in non-cash accounts.

Patent Amortization

The process of expensing the cost of a patent over its useful life, reflecting the consumption of the patent's value over time.