What Are Operational Business Processes

question 10

Multiple Choice

What are operational business processes?

• A) Dynamic,non-routine,long-term business processes such as financial planning,expansion strategies,and stakeholder interactions
• B) Semi-dynamic,semi-routine,monthly business processes such as resource allocation,sales strategy,or manufacturing process improvements
• C) Static,routine,daily business processes such as stocking inventory,checking out customers,or daily opening and closing processes
• D) None of these choices

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Definitions:

Executor

An individual or institution appointed by a will to administer the estate of the deceased.

Right of Survivorship

A legal principle that allows ownership of property to automatically pass to surviving owners upon the death of another owner, without the need for probate.

Articles of Partnership

A document that outlines the terms and conditions under which a partnership operates, including the rights and responsibilities of each partner.

Partnership Property

Assets or property acquired by a partnership, which is owned collectively by the partners according to the terms of their agreement.