What Is a Business Process

question 38

Multiple Choice

What is a business process?

• A) The analysis and redesign of workflow within and between enterprises
• B) A standardized set of activities that accomplish as specific task, such as processing a customer's order
• C) Integrates all departments and functions throughout an organization into a single TI system so that employees can make decisions by viewing enterprise-wide information on all business operations
• D) None of the above

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Definitions:

Full Capacity

The maximum level of output that a business can sustain over a period of time, utilizing all available resources efficiently.

Financial Planning

The process of constructing a financial strategy or plan to meet an individual's or organization's long-term financial goals.

Sales Growth

Sales growth is the increase in sales over a specific period, indicating the company's ability to grow its business and expand its market reach.

Retained Earnings

The portion of a company's profits that is kept or retained within the company, rather than being paid out to shareholders as dividends.