Which of the Following Processes Attempt to Understand and Measure

question 166

Multiple Choice

Which of the following processes attempt to understand and measure the current process and make improvements?

• A)Business process mapping
• B)Business process reengineering
• C)Business process improvement
• D)Business process model

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Flexibility

The ability of a system or organization to adapt to changes, variations, or unexpected circumstances without significant loss of functionality or efficiency.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Economic Factors

Variables and conditions affecting an economy’s performance, such as inflation rates, interest rates, employment levels, and gross domestic product (GDP).