What Is a Business Process

question 38

Multiple Choice

What is a business process?

• A) The analysis and redesign of workflow within and between enterprises
• B) A standardized set of activities that accomplish as specific task, such as processing a customer's order
• C) Integrates all departments and functions throughout an organization into a single TI system so that employees can make decisions by viewing enterprise-wide information on all business operations
• D) None of the above

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Definitions:

Liabilities

Financial obligations or debts that a company owes to outside parties, which are recorded on the right-hand side of the balance sheet.

Creditors

Individuals, organizations, or entities that have lent money or extended credit to another party, and thus are owed repayment of the principal amount plus any applicable interest or charges.

Recourse

A provision that allows a lender to seek financial compensation from a borrower if default occurs.

Capital Contributions

Funds or assets contributed to a company or partnership by owners or partners to increase its capital stock or equity.