Which of the Following Statements Is True of Business Processes

question 83

Multiple Choice

Which of the following statements is true of business processes?

• A) Process effectiveness is determined by the ratio of benefits to costs.
• B) An effective business process enables an organization to accomplish its strategy.
• C) If two versions of a business process create the same benefit, then the higher cost one is more efficient.
• D) Cost of infrastructure is not included under cost of business process.

---

Definitions:

Quantity Demanded

Quantity demanded is the total amount of a goods or services that consumers are willing and able to purchase at a specific price level.

Product X

A placeholder name commonly used to denote a specific product, goods, or service in economic models and discussions that is not further specified.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply between two points by averaging the two end points' prices and quantities.

Cable Subscribers

Customers who pay for cable television services, often provided through a fixed infrastructure of underground or overhead cables.