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Which of the Following Statements Is True of Business Process

question 67

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Which of the following statements is true of business process designs?


Definitions:

Online Transactions

The process of buying, selling, or exchanging goods, services, or information via the internet.

Bilateral Contract

A contract in which there is an exchange of promises: both parties assume an obligation.

Unilateral Contract

A contract in which only one party makes a promise or undertakes a performance to induce a second party to perform, without the second party similarly promising or performing.

Consideration

Something of value exchanged between parties within a contract, making the agreement legally binding.

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