________ Is the Activity of Altering the Existing Business Processes

question 3

Multiple Choice

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

• A) Business process management
• B) Business process reengineering
• C) Business process outsourcing
• D) Business process interoperability

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Definitions:

Average Rate of Return

It calculates the return, generated over a period of time, of an investment compared to the initial investment.

Net Present Value Method

A method in capital budgeting that evaluates an investment by calculating the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Present Value

The estimated current value of a forthcoming sum of money or series of cash inflows, considering a certain rate of return.

Method

A systematic way or approach used to accomplish a task or solve a problem, often applied in research, analysis, or strategic planning.