Process Management Is the Design and Development of the Work

question 97

True/False

Process management is the design and development of the work flow and connectivity of the operational requirements (processes) needed to ensure that an organization's products and services are efficiently produced and effectively delivered to the marketplace.

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Definitions:

Rescission

A remedy whereby a contract is canceled and the parties are returned to the positions they occupied before the contract was made; may be effected through the mutual consent of the parties, by their conduct, or by court decree.

Contractual Obligation

A legal duty created by the terms of a contract, requiring parties engaged in the contract to perform or refrain from certain actions.

Courts of Law

Judicial institutions where legal disputes are adjudicated, applying laws to reach verdicts and judgements.

Equitable

Pertaining to fairness or justice in the way treatments, decisions, or actions are carried out, especially within the context of law.