Which of the Following Statements Is True of Business Processes

question 46

Multiple Choice

Which of the following statements is true of business processes?

• A) Value chains are designed to implement business processes.
• B) Value chain activities differ based on the business processes being used.
• C) If a value chain's margin is negative, the costs of the value chain should be increased.
• D) The processes implementing a value chain must create sufficient value to cover their costs.

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with available resources and technology.

Unemployment Rate

The rate of job seekers in the labor market who are not currently employed.

Soviet Union

A former federation of communist states in Eastern Europe and Asia, existing from 1922 to 1991, known officially as the Union of Soviet Socialist Republics (USSR).

World War II

World War II was a global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant changes in the political and social order.