Bobby Is Looking at the Business Processes That Are Critical

question 56

Multiple Choice

Bobby is looking at the business processes that are critical in his firm.The processes include personnel administration,time accounting,payroll,personnel planning and development,benefits accounting,applicant tracking,time management,compensation,workforce planning,performance management,and travel expense reporting.Which of the business processes supported by enterprise software is most critical for this firm?

• A)financial and accounting processes
• B)human resources processes
• C)manufacturing and production processes
• D)sales and marketing processes processes

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Definitions:

Accounting Profits

The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Explicit Costs

Direct, out-of-pocket payments for inputs or resources used in the production of goods or services.

Uninsurable Risk

An eventuality for which the frequency or magnitude of potential losses is unpredictable or unknowable. Insurance companies are not willing to sell insurance against such risks.

Consumer Tastes

The preferences and inclinations of consumers regarding different products and services, which can shift over time affecting market demand.