Which of the Following Best Describes Business Process Management

question 153

Multiple Choice

Which of the following best describes business process management?

• A) An approach by which firms move away from department-oriented organization and toward process-oriented team structures that cut across old departmental boundaries
• B) The strategy of paying suppliers and distributors to perform certain business processes or to provide needed materials and resources
• C) Any activity that adds value to some input by transforming it into an output for an internal or external customer
• D) The strategy of using the Internet and word-of-mouth marketing to spread product information
• E) The strategy of owning the means by which an organization produces goods or services

---

Definitions:

Inputs

Resources used in the production process, including labor, capital, materials, and energy.

Marginal Output

The additional amount of output that is produced as a result of a one unit increase in the input of a production process.

Resource

Assets, materials, or inputs used to produce goods and services, including natural resources, human resources, and capital.

AVC Curve

Represents the Average Variable Cost Curve, which shows the relationship between a firm's output and the variable costs per unit of output, typically declining and then rising.