Review the Following List of Key Terms and Determine Which

question 158

Multiple Choice

Review the following list of key terms and determine which one typically occurs during operational business process improvement.

• A)automation
• B)streamlining
• C)reengineering
• D)improvement

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Definitions:

Short-run Ups

Temporary or brief increases in economic indicators or market performance.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or nation.

Natural Rate

The long-term rate of unemployment expected in an economy, factoring in frictional and structural unemployment.

Constant Over Time

Refers to a variable or a condition that does not change as time progresses, remaining stable in both the short term and the long term.