A Business Process Is

question 57

Multiple Choice

A business process is

• A) a network of activities used to accomplish business goals.
• B) a set of required steps in a production process.
• C) a network of activities, resources, facilities, and information that interact to achieve some business function.
• D) a set of actives in a value chain.
• E) a set of activities in a supply chain.

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Definitions:

Corporate Form

A form of business organization that is recognized as a separate legal entity from its owners, providing limited liability and allowing ownership to be easily transferred.

Government Regulation

The laws and rules enacted by government agencies to supervise and control activities within various industries and sectors.

Separate Legal Existence

The concept that a corporation's identity is legally distinct from its owners, thus it can own property, incur debts, and be sued in its own name.

Continuous Life

A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.