__________ Is the Radical Redesign of Business Processes to Achieve

question 45

Multiple Choice

__________ is the radical redesign of business processes to achieve dramatic improvements in cost,quality,service and speed.

• A) Restructuring
• B) Delegation of authority
• C) The matrix structure
• D) Re-engineering
• E) None of these choices.

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Definitions:

Production Function

An equation or model that describes the relationship between inputs used in production and the output of goods or services.

Capital

The financial assets or resources that businesses and individuals use to invest, produce goods and services, including buildings, machinery, and equipment.

Output

The quantity of goods or services produced in a given period by a firm, industry, or country.

Unit of Labor

A measurement in economics referring to one hour of work or its equivalent output by a worker.