According to Business Process Management,identify the Next Step Taken by Management

question 52

Multiple Choice

According to business process management,identify the next step taken by management after identifying the ways in which the information systems can be used.

• A) identifying the critical processes that are to be redesigned
• B) understanding and measuring the existing processes as a baseline for future improvements
• C) reducing costs and shortening the time it takes to get products to market
• D) designing and implementing a prototype of the new process
• E) developing a vision for the organization that specifies the business objectives

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Definitions:

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily align with the calendar year.

Federal Government

The federal government is the national government, which holds the ultimate authority over a federated country, responsible for executing laws, and managing national affairs and foreign policy.

Federal Budget

The government's plan for revenue and expenditures for a fiscal year, detailing how federal funds will be spent and collected.

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Taxes levied directly on an individual's or organization's income or wealth, such as income tax and property tax.