What Are Operational Business Processes

question 52

Multiple Choice

What are operational business processes?

• A) Dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions.
• B) Semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.
• C) Static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.
• D) None of the choices are correct.

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Definitions:

Computer Components

The physical parts or elements of a computer system, like the CPU, RAM, and hard drive.

Monopsony Buyer

A market condition where there is only one buyer for many sellers, giving the buyer significant control over prices.

Marginal Expenditure

The increase in cost that arises when buying an added unit of a product or service.

Average Expenditure

The average amount spent per unit of a good or service.