Which of the following is the most appropriate definition of accounting?

A) Electronic collection, organization, and communication of vast amounts of information
B) The interconnected network of subsystems necessary to operate a business
C) A means of recording transactions and keeping records
D) The measurement, processing, and communication of financial information about an identifiable economic entity


D

Business

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Some writers choose not to use numbering systems, using a system of ______________ instead

a. accountability b. headings c. naming d. recognition

Business

Quantum product innovation results in improvements and refinements of products over time as existing technologies are perfected and managers gain experience performing value chain activities.

Answer the following statement true (T) or false (F)

Business

________ is the pace (frequency) of production necessary (time per unit) to meet customer orders

Fill in the blanks with correct word

Business

In general, a balanced scorecard is used to evaluate an organization's performance using:

A. the Board of Directors' audit committee. B. standard costs and variance analysis. C. financial statements and ratio analysis. D. multiple financial and nonfinancial measures.

Business