In Re-Engineering Core Processes, Managers Should Do All of the Following

question 10

Multiple Choice

In re-engineering core processes, managers should do all of the following EXCEPT:

• A) identify the organisation's key strategic objectives.
• B) map the core processes with respect to workflows.
• C) evaluate all tasks for the core processes.
• D) identify the core processes.
• E) search for ways to eliminate unnecessary tasks or work.

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Definitions:

AVC

Average Variable Cost, the total variable costs (labor, materials, etc.) divided by the quantity of output produced, illustrating how variable costs change with the level of output.

Shutdown Point

The point where a firm's revenue is not enough to cover its variable costs, leading to a decision to cease production temporarily.

Short Run

In economics, a period during which at least one input, like factory size or machinery, is fixed and cannot be changed, as opposed to the long run where all factors can be varied.

Long Run

A period in economic analysis where all inputs can be adjusted and there are no fixed factors of production.