Inherent Processes Are Predesigned Procedures for Using Software Products,saving Organizations

question 71

True/False

Inherent processes are predesigned procedures for using software products,saving organizations from expensive and time-consuming business process reengineering.

---

Definitions:

Financial Crisis

A situation where the value of financial institutions or assets drops rapidly, leading to widespread economic disruption and potential government intervention.

Checkable Deposits

Bank account balances that can be withdrawn using checks, debit cards, or electronic transfers without restrictions.

Excess Reserves

These are bank reserves held in excess of what is required by the central bank, available for lending or investment, affecting the money supply and interest rates.

Checkable Deposit

Deposits in bank accounts that can be withdrawn or transferred through checks, debit cards, or electronic means readily without restrictions.