Business Process Reengineering Is a Tool for

question 8

Multiple Choice

Business process reengineering is a tool for

• A)expediting the redesign of existing products and shortening the design-to-market cycle.
• B)radically redesigning and streamlining how an activity (workflow)is performed, by pulling the pieces of strategy-critical activities out of different departments and unifying their performance in a single department or cross-functional work group.
• C)instituting total quality management.
• D)making the most effective use of Six Sigma techniques.
• E)the rapid redesign of an organization's structure so as to quickly create organizational competencies and capabilities.

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Definitions:

Special Price

A temporary discounted offer or a negotiated price lower than the usual list price, often used to stimulate demand or reward customers.

Variable Costs

Costs that vary directly with the level of production or the volume of services provided.

Special Order

A one-time order that is not normally part of the company's standard operations.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.