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Describe a Business Process by Identifying the Input to the Process

question 33

Essay

Describe a business process by identifying the input to the process, some tasks associated with the process, the output of the process, and a metric that could measure its effectiveness.


Definitions:

Digital Cash

Money stored electronically in place of physical currency.

Physical Currency

Tangible money, such as coins and paper bills, used as a medium of exchange for goods and services.

Microchips

Small electronic components that contain integrated circuits used in various devices for computing and processing tasks.

Depositary Bank

A financial institution that holds and manages the deposits of securities for its clients and facilitates trading.

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