A(n)_____ Typically Charts How a Firm Will Create Value for Customers

question 5

Multiple Choice

A(n) _____ typically charts how a firm will create value for customers and how it will do so profitably.

• A)design specification
• B)business model
• C)job characteristics model
• D)administrative linkage
• E)process architecture

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Definitions:

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.

NPV

The calculation of the current value of all future cash flows generated by a project, after accounting for the initial capital expenditure.

IRR

Internal Rate of Return; a metric used in capital budgeting to estimate the profitability of potential investments.

Probability Distributions

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.