Identify the Five Major Tools of Process Analysis and Design

question 118

Essay

Identify the five major tools of process analysis and design. Describe them in a sentence or two each.

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Definitions:

Limited Risk

Exposure to a relatively small possibility of loss or less severe consequences in an investment or business activity.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Supplies

Items used in the operation of a business or part of inventory not yet sold.

Equipment

Tangible property owned by a business used in its operations over an extended period.