Which of the Following Statements About Business Processes Is Not

question 78

Multiple Choice

Which of the following statements about business processes is not true?

• A)Business processes influence the relationship between an organization and information technology.
• B)Business processes are a collection of standard operating procedures.
• C)A business firm is a collection of business processes.
• D)Business processes are usually ensconced in an organization's culture.
• E)Business processes are typically unaffected by changes in information systems.

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Definitions:

Cost of Inventory

The total expense to purchase and manage inventory stocks, including purchase costs, shipping, handling, and storage.

Perpetual Inventory System

An accounting system that continuously updates inventory records and cost of goods sold after each purchase or sale.

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the books for the next period.

Selected Accounts

Accounts chosen for review or analysis, often for the purpose of financial reporting or auditing.