Consider the Following Statements as You Respond to the Next

question 59

Multiple Choice

Consider the following statements as you respond to the next question: i. Ask managers to think of one hundred uses for a brick, other than for building things.ii. Assess the educational background and organizational experience of employees.iii. Conduct a one-day seminar on how business processes can create value in the marketplace.iv. Encourage managers to suggest ideas, even if they are impractical.v. Hold weekly meetings to update interested parties on the BPM project; ensure at least one member of top management attends each meeting.vi. Ignore opinions and insights from people not directly involved with a business process.The text discussed seven basic principles of business process management. Which statements in the list above are related to the same basic principle?

• A)I and IV
• B)II and VI
• C)III and V
• D)I, IV and VI

---

Definitions:

Labour Rate

The amount of money that is paid for a specific quantity of labor, often referred to as the wage rate.

Labour Hours

The total hours worked by employees in the production of goods or delivery of services.

Cash Balance

The total amount of cash or cash equivalents a company or individual has available at any given time.

Disbursements

Payments made by a business, including expenses, cash distributions to shareholders, or investments.