What Form of Processes Include Loan Processing for a Bank,claims

question 192

Multiple Choice

What form of processes include loan processing for a bank,claims processing for an insurance company,reservation processing for a hotel,and baggage handling for an airline?

• A) Customer-facing processes
• B) Business-facing processes
• C) Industry-specific customer-facing processes
• D) All of these choices

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Definitions:

Capital Expenditure Budget

A budget for planning and controlling spending on long-term assets, including buildings, equipment, and technology, intended for future operations.

Long-Term Assets

Assets that are expected to provide economic benefits over a period longer than one year, such as buildings and equipment.

Strategic Plan

A document that outlines an organization's long-term goals and the actions needed to achieve them, often focusing on overall organizational growth and success.

Short-Term Plan

A strategy or agenda set for a brief period, typically less than a year, focusing on immediate goals and objectives.