Which of the Following Is a Reason Why Process Management

question 73

Multiple Choice

Which of the following is a reason why process management is important for organizations?

• A)It assists organizations in recruiting the most suitable employees whose values match the culture of the organization.
• B)It helps organizations to segment customers into natural groups in order to customize products that are better able to meet customers' needs.
• C)It assists organizations in identifying opportunities for improving quality and operational performance.
• D)It helps organizations to increase employee morale and commitment to the organization.

---

Definitions:

Revolving Line

A type of credit that does not have a fixed number of payments, in contrast to installment loans; credit is automatically renewed as debts are paid off.

Annual Interest Rate

The percentage of interest that is charged or earned on an investment or loan over the course of a year.

Revolving Line

A credit arrangement that allows a borrower to use or withdraw funds up to a designated limit, repay them, and borrow again.

Simple Interest

A method of calculating interest where the interest charge is based only on the original principal, not on the interest which has been added over time.