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 business processes to identify areas where incremental changes can be made to reduce operating costs and increase efficiency. Variance analysis and incremental analysis may be used as part of the process improvement effort, but they are not the same as process improvement. Total quality management focuses on improving product and service quality through a variety of methods, rather than specifically reducing operating costs.

The Examination of Business Processes to Identify Incremental Changes That