What Is a Business Process

question 41

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 a specific task, such as processing a customer's order.
• C) Integrates all departments and functions throughout an organization into a single IT system so that employees can make decisions by viewing enterprise-wide information on all business operations.
• D) None of these.

---

Definitions:

Unemployment Rate

The percentage of those in the labor force who are not working but are in search of employment.

Natural Rate

Often refers to the natural rate of unemployment, which is the level of unemployment consistent with a stable rate of inflation, not zero unemployment.

Unemployment

The situation in which individuals who are capable of working and are actively seeking work remain un-hired.

Money Growth

The increase in the amount of money in an economy over time.