Which of the Following Statements, Related to a Business Process

question 21

Multiple Choice

Which of the following statements, related to a business process, is not a true statement?

• A)It has a well-defined beginning and end.
• B)Usually takes a long-period of time to complete.
• C)Occur so that the organization may serve its customers.
• D)Is initiated by a particular kind of event.

---

Definitions:

Zero Balance Accounts

Bank accounts that are maintained at a zero balance by automatically transferring funds from a master account in an exact amount only when checks are presented.

Payroll Account

A bank account specifically used by businesses to process salary payments to their employees.

Safety Stock

Additional inventory kept to prevent stockouts due to variability in demand or supply lead time.

Banking Relationship

Refers to the business interactions and communications between a bank and its customers, including the services and products offered.