What Is a Business Process? How Do You Determine the Cost

question 62

Essay

What is a business process? How do you determine the cost and margin of a business process?

---

Definitions:

5 × 4 Factorial ANOVA

A type of factorial analysis of variance that involves two independent variables with 5 levels for the first and 4 levels for the second, analyzing the effect of these variables on a dependent variable.

Subjects

Individuals or entities that participate in a research study.

4 × 3 Factorial ANOVA

A type of factorial ANOVA test with two independent variables, one at 4 levels and the other at 3 levels, to examine their effects on a dependent variable.

Possible Group Assignments

The various ways in which participants can be allocated to different groups or conditions in an experiment.