The examination of business processes to identify incremental changes that may reduce operating costs is referred to as
A)variance analysis.
B)incremental analysis.
C)process improvement.
D)total quality management.

Question

Quizplus · Accepted Answer

Process improvement involves examining existing processes to identify opportunities for reducing costs, increasing efficiency, and improving overall effectiveness. Variance analysis involves comparing actual results to budgeted or expected results to identify variances, while incremental analysis involves analyzing the costs and benefits of potential decisions or changes. Total quality management is a broader approach to improving overall quality throughout an organization.

The Examination of Business Processes to Identify Incremental Changes That