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NEW QUESTION: 1
Which THREE of the following describe the role process maps can play in an organisation?
A. Offering a framework to analyse cause and effect in problem solving
B. Providing an overview of product flows across supply chains and networks
C. Providing an understanding of how particular jobs and functions fit into an entire process
D. Providing a plan-do-check-act operating sequence
E. Providing an understanding of how the physical and thinking environment can be improved
F. Acting as a trigger for process redesign and simplification
Answer: B,C,F

NEW QUESTION: 2
What is true about an information flow?
A. defines the order in which information is exchanged
B. requires that a relationship (dependency, association, connector, etc.) exists between sources and targets
C. may directly indicate a concrete element such as a class, and is conveyed instead of using an information item
D. requires that a relationship (dependency, association, connector, etc.) does not exist between sources and targets
Answer: C

NEW QUESTION: 3
A flexible budget is a quantitative expression of a plan that:
A. Project costs on the basis of future improvements in existing practices and procedures during a budget period.
B. Is developed for the actual level of output achieved for the budget period.
C. Focuses on the costs of activities necessary to produce and sell products and services for a budget period.
D. Is comprised of the budgeted income statement and its supporting schedules for a budget period.
Answer: B
Explanation:
A flexible budget is a series of budgets prepared for many levels of activity. It is designed to allow adjustment of the budget to the actual level of activity before comparing the budgeted activity with actual results.