Which of the Following Statements Regarding Business Process Reengineering (BPR)is

question 1

Multiple Choice

Which of the following statements regarding business process reengineering (BPR) is NOT true?

• A)BPR is a term coined by Hammer and Champy in the book called "Reengineering the Corporation."
• B)BPR refers to extensive process redesign.
• C)BPR simplifies processes and eliminates the non-value added elements from the process.
• D)BPR is synonymous to the Total Quality Management approach of process improvement.

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Definitions:

Political Risks

Political risks are the probability of losses to a business, investment, or operation due to political instability, changes in government policy, or hostile actions by the government.

Contractual Relationship

A legally binding agreement between two or more parties, outlining their responsibilities and obligations.

Intellectual Property

The legal rights given to inventors and creators to protect their original works, inventions, and ideas for a certain period.

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for accomplishing a specific task.