In Order,what Are the First Three Steps in BPM

question 88

Multiple Choice

In order,what are the first three steps in BPM?

• A)1)identifying processes for change,2.analyzing existing processes,3.designing the new process.
• B)1)analyzing existing processes,2.identifying processes for change,3.designing the new process.
• C)1)identifying processes for change,2.designing the new process,3.implementing the new process.
• D)1)analyzing processes to change,2.designing the new process,3.measuring the optimized process.
• E)1)designing new processes,2.analyzing existing processes,3.identifying processes for change.

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Definitions:

Opportunity Cost

The value of the next-best alternative when a decision is made; it's what is foregone to undertake a certain action.

Capital

Financial assets or their financial value, including funds in deposit accounts, as well as the machinery, buildings, or equipment used in producing goods and services.

Nondiversifiable Risk

A type of risk that cannot be eliminated through diversification and affects all investments across the market.

Weighted Average

A mean where each value in the data set is multiplied by an assigned weight before the final calculation is performed.