Potential Benefits Are the Process of Analyzing an Organization's Activities

question 138

True/False

Potential benefits are the process of analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred for doing so;this process usually also includes a comparison with the activities,added value,and costs of other organizations for the purpose of making improvements in the organization's operations and performance.

---

Definitions:

Flu Epidemic

A widespread outbreak of influenza affecting a large portion of the population over a short period of time.

John Reed

An American journalist and socialist activist best known for his firsthand account of the Bolshevik Revolution, "Ten Days That Shook the World."

Democracy

A form of government in which power is vested in the people, who rule either directly or through freely elected representatives, emphasizing principles such as political equality, participation, and the protection of individual rights.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets, wage labor, and capital accumulation.