Business Process Reengineering Means

question 21

Multiple Choice

Business process reengineering means:

• A)Configuring the business processes to conform to the functionality of the IT system
• B)Configuring the IT system to the business process for best processing speed
• C)Matching the IT and business processes to achieve the greatest mutual benefit from each
• D)Configuring both IT and business processes to meet the goals of ERP

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Loss

The state of experiencing a decrease in financial resources or value, often as a result of a business operation, investment failure, or theft.

Break-even Selling Price

The price at which a product must be sold to cover all associated costs of production without making a profit or a loss.

Discounted Price

The final price of a product after applying a discount to its original price.