Consider the Following Statements as You Respond to the Next

question 58

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 statement both illustrates one of the principles and relates to the internal environment component of the COSO enterprise risk management framework?

• A)I
• B)III
• C)V
• D)VI

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Definitions:

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Ties

Connections or relationships between individuals or entities, which can be social, professional, or emotional in nature.

Clique Network

A subgroup within a larger network where members have closer, more frequent, and exclusive interactions, often impacting the flow of information and influence.