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.

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Definitions:

Outstanding Checks

Checks that do not appear on the bank statement.

Compounded Monthly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Present Value

The current value of a deposit that is made in the present time.

Periodic Deposit Investment

An investment strategy involving regular, fixed-amount contributions into an investment account.