Business Process Re-Engineering Is

question 155

Multiple Choice

Business process re-engineering is

• A) the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.
• B) a program certifying that a factory, laboratory, or office has met the quality management standards of the International Organization for Standardization.
• C) a certification program attesting to the fact that a factory, laboratory, or office has improved environmental performance.
• D) the redesigning of business processes to improve performance, quality, and productivity.
• E) the concept that all employees are valuable contributors to a firm's business, and should be entrusted with decisions regarding their work.

---

Definitions:

Total Owner's Equity

Represents the residual interest in the assets of a company after deducting liabilities; it essentially reflects the owner's claim against the company's assets.

Poor Business Conditions

Suboptimal circumstances affecting commerce, often marked by reduced consumer spending, high unemployment, and economic downturn.

Statement of Cash Flows

It delineates how modifications in accounts on the balance sheet and income levels affect cash and near-cash items, breaking down the scrutiny into operating, investing, and financing categories.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specified period of time, indicating its financial performance.