What Are the Basic Components of Business Processes

question 38

Multiple Choice

What are the basic components of business processes?

• A)Inputs and outputs
• B)Data,knowledge,and activities
• C)People,technology,and outputs
• D)Inputs,activities,and deliverables

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Definitions:

Standard Deviation

Standard deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Uncertainty

The lack of certainty in the outcome of an event, often quantifiable and factored into models and decision-making processes in finance.

Correlation Coefficient

An analytical value assessing the magnitude and pathway of a linear linkage between a pair of variables.

Market Risk

The potential for investment losses stemming from elements that impact the general functioning of the financial markets.