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.

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Definitions:

Throughput Time

The total time taken to manufacture a product from start to finish, including processing, waiting, and transport times.

Investment Opportunity

A situation or venture that presents the potential for financial gain, often requiring an initial outlay of capital.

Margin

The difference between the selling price of a product or service and the cost of producing or purchasing it, expressed as a percentage of sales.

Delivery Cycle Time

The elapsed time from when a customer order is received until the finished goods are shipped.