Explain Why Process Management Is Necessary for an Organization

question 15

Essay

Explain why process management is necessary for an organization.

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Definitions:

Distributive Property

A property indicating that the multiplication of a number by a sum is equal to the sum of the individual multiplications, represented as \(a(b + c) = ab + ac\).

Additive Inverse Property

A principle stating that for any real number, there exists another real number that, when added together, equals zero.

Distributive Property

A property indicating that multiplying a sum by a number gives the same result as multiplying each addend by the number and then adding the products.

Principal Investment

The initial amount of money invested, before any earnings or interest.