Most Processes Involve Two Basic Types of Flows

question 27

Multiple Choice

Most processes involve two basic types of flows:

• A)Information flows and material flows.
• B)Product flows and decision flows.
• C)Information flows and operator flows.
• D)Physical flows and security flows.

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Definitions:

Primarily Liable

Being directly responsible or obligated to satisfy a debt or legal obligation, especially before any other party.

Right To Reimbursement

The legal right of a party to be compensated for expenses they have incurred on behalf of another party.

Investor

A person or entity that allocates capital with the expectation of receiving financial returns.

Consideration

The value (such as money, services, or goods) that is promised in a contract to be exchanged to make the contract legally binding.