Which of the Following Is the First Step in a Business

question 49

Multiple Choice

Which of the following is the first step in a business process management (BPM) cycle?

• A) defining business process requirements
• B) creating models of business processes
• C) implementing the needed business processes
• D) assessing business process effectiveness

---

Definitions:

Independent Contractor

An individual or business that provides goods or services to another entity under terms specified in a contract or within a verbal agreement, not classified as an employee.

Employee

An individual who is hired by an employer to perform a specific job or duty in exchange for compensation.

Partner

An individual or entity involved in a business enterprise with one or more other partners, sharing in the profits and losses of the business.

Agency Parties

Individuals or entities that enter into an agency relationship where one party (the agent) agrees to act on behalf of another party (the principal).