The Central Idea of Business Process Design Is That ________

question 100

Multiple Choice

The central idea of business process design is that ________.

• A)existing processes should be improved or automated to create a new value chain.
• B)business processes should be delinked to focus on their core competencies.
• C)organizations should not automate or improve existing functional systems.
• D)integrated,cross-functional business systems decrease efficiency of existing functional systems.

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Definitions:

Voting Stock

Securities that give the shareholder the right to vote on company matters, such as electing the board of directors and approving corporate policies.

Contingent Payment

A payment that depends on achieving certain conditions or outcomes in the future.

Market Value

The current quoted price at which an asset or a company can be bought or sold on the open market.

Probability-Weighted

A method that takes into account the likelihood of various outcomes, often used in financial forecasting and risk assessment to estimate future cash flows or earnings.