Business Process Reengineering Is a Tool for

question 34

Multiple Choice

Business process reengineering is a tool for

• A) expediting the redesign of existing products and shortening the design-to-market cycle.
• B) pulling the pieces of strategy-critical activities out of different departments and unifying their performance in a single department or cross-functional work group that has charge over the whole process and can be held accountable for performing the activity in a more strategy-supportive fashion.
• C) instituting total quality management.
• D) making the most effective use of Six Sigma techniques.
• E) rapid redesign of an organization's structure so as to rapidly create organizational competencies and capabilities.

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Definitions:

Measurability Conditions

Criteria required to recognize a financial transaction, including the ability to reliably measure the transaction's impact on the financial statements.

Percentage-Of-Completion Method

An accounting method used to recognize revenues and expenses of long-term contracts in proportion to the work completed.

Contract Costs

Expenses directly related to securing and fulfilling a contract, including raw materials, labor, and overhead.

Percentage-Of-Completion Method

An accounting method used to recognize revenues and expenses of long-term projects proportionally to the degree of completion.