The Term Business Performance Management (BPM) Encompasses Three Key Components

question 65

Multiple Choice

The term business performance management (BPM) encompasses three key components, which include all of the following except:

• A) a set of integrated, closed-loop management and analytic processes, supported by technology, that address financial as well as operational activities
• B) an enterprise-wide strategy that helps to optimize local business performance
• C) tools for businesses to define strategic goals and then measure and manage performance against those goals
• D) a core set of processes, including financial and operational planning, modeling, analysis, and monitoring of key performance indicators (KPIs), linked to organizational strategy

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Definitions:

Marginal Cost (MC)

An upsurge in the cumulative cost incurred from the production of one more unit of a product or service.

Marginal Benefit

The boost in satisfaction or utility experienced by a consumer when they consume an additional unit of a specific good or service.

Total Benefit

The complete gain or advantage that an individual, entity, or society receives from consuming a good or service.

Football Games

Competitive sporting events involving two teams aiming to score points by moving a ball into the opposing team's end area, primarily through kicking, carrying, or passing.