Reengineering How a Firm Performs a Business Process

question 108

Multiple Choice

Reengineering how a firm performs a business process

• A)is a tool for pulling the pieces of strategy-critical processes out of different departments and unifying their performance in a single department or cross-functional work group.
• B)is the most frequently used tool of total quality management (TQM).
• C)requires that a company have many strategic partnerships and alliances with outsiders.
• D)is typically cheaper and easier-to-do than using Six Sigma techniques to achieve the same cost savings.
• E)is usually a company's most important "best practice" for achieving operating excellence.

---

Definitions:

Stockholders' Equity

The owners' residual interest in a corporation, calculated as the difference between assets and liabilities.

Stockholders' Equity

The amount of capital given to a company by its shareholders, plus retained earnings or minus the company's accumulated losses.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, showing assets, liabilities, and equity at a specific point in time.

Common Stock

Common stock represents ownership shares in a corporation, providing voting rights and potential dividends to shareholders.