________ Is the Activity of Altering Existing and Designing New

question 95

Multiple Choice

________ is the activity of altering existing and designing new business processes to take advantage of new information systems.

• A) Business process modeling
• B) Business process reengineering
• C) Business process outsourcing
• D) Enterprise resource planning
• E) Process innovation planning

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Definitions:

Acquisition

The process by which one company purchases most or all of another company's shares to gain control of that company.

Accounting Cycle

The series of steps in processing financial transactions, from the initial recording to the presentation of financial statements.

Recording Business Transactions

The process of documenting the financial activities of a business in accounting records according to established principles.

Operating Cycle

Average time it takes to buy and sell merchandise and then collect accounts receivable.