Which of the Following Statements Is True with Regard to Business

question 14

Multiple Choice

Which of the following statements is true with regard to business process reengineering (BPR) ?

• A)BPR is an aggressive methodology that focuses primarily on reducing defects in a process.
• B)BPR is the radical redesign of a firm's existing workflows and resources to reduce operational costs.
• C)Many U.S.companies had adopted BPR by the early 1960s.
• D)BPR is also known as business process management (BPM).

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Definitions:

Private Placements

The sale of stocks, bonds, or securities directly to private investors rather than through a public offering in the capital markets.

Primary Security Offerings

The process by which new securities are issued and sold to investors, allowing companies or governments to raise capital.

Institutional Investors

Entities such as banks, insurance companies, and pension funds that invest large sums of money into financial markets.

Designated Order Turnaround

A system used by stock exchanges to expedite the processing of stock orders by converting paper order tickets into electronic form.