Which of the Following Statements About a BAM Is Correct

question 65

Multiple Choice

Which of the following statements about a BAM is correct?

• A) The BAM is concerned with who carries out the activities.
• B) The BAM is concerned with where activities are carried out.
• C) There will be one BAM for each business perspective.
• D) The BAM is an AS-IS model of the real world.

---

Definitions:

Leakages

In economics, it refers to the withdrawal of potential spending from the economy's circular flow, primarily through savings, taxes, and imports.

Household Production

The creation of goods and services by individuals or families within a home environment, not for formal market exchange.

Gross Domestic Product (GDP)

The complete market or financial worth of every finished good and service made within a nation's frontiers in a certain timeframe.

Consumer Price Index (CPI)

A metric that calculates the mean variation over time in the costs incurred by urban buyers for a selection of consumer products and services.