Which of the Following Statements Is TRUE

question 121

Multiple Choice

Which of the following statements is TRUE?

• A) Improving the business process is concerned with removing problems identified in the AS-IS process.
• B) Introducing bottlenecks is an important principle of business process re-design.
• C) It is not permissible to show decision diamonds on a swim-lane diagram.
• D) Processes cannot be improved by changing the sequence of activities alone.

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Definitions:

Profit-Maximizing

A strategy or approach used by businesses to determine the price and output level that generates the maximum amount of profit.

Marginal Cost

The cost of producing one additional unit of a product or service.

Marginal Revenue

Marginal revenue is the additional income received from selling one more unit of a good or service, important for businesses in determining optimal production levels.

Long Run

A period in economics during which all inputs, including capital, are variable, allowing firms to adjust all aspects of production.