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Identify the risk and the return in each of the following examples.
a. Investing $500 in a certificate of deposit at 4.5% interest.
b. Placing a $100 bet on an NBA game.
c. Investing $10,000 in Microsoft stock.
d. Borrowing $20,000 in student loans.
Workflow
The sequence of industrial, administrative, or other processes through which a piece of work passes from initiation to completion.
Reengineering
The process of redesigning business processes and workflows to achieve significant improvements in critical aspects like productivity, cycle times, and quality.
Technology
The use of scientific insights for practical applications, chiefly in the realm of industry.
Total Quality Management
A management approach focused on continuous improvement of processes, products, and services, involving all members of an organization.
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