Which of the Following Is True of Business Process Changes

question 46

Multiple Choice

Which of the following is true of business process changes?

• A) Business process change should not be carried out during a phase of entropy.
• B) Business process change requires a careful blend of top-down and bottom-up involvement.
• C) Centralization must be adopted by the top management for the business process change to be successful.
• D) Employee participation should be minimal during a business process change.
• E) Successful business process change is not accompanied by a sense of urgency.

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Definitions:

Quality Of Income Ratio

A financial metric that assesses the proportion of income that comes from the company's main operating activities, indicating the sustainability of earnings.

Component Percentages

Express each item on a particular financial statement as a percentage of a single base amount.

Income Statement

A financial statement that shows a company's financial performance, including revenues, expenses, and profits over a specified period.

Comparable Companies

A valuation method that involves comparing a company's financial metrics to those of similar companies in the same industry.