An Early Form of Business Process Management, Which Was Developed

question 109

Multiple Choice

An early form of business process management, which was developed as a means to make sweeping changes, eliminating all processes that did not add value was known as ________.

• A) business process reengineering
• B) business process mapping
• C) business process automation
• D) business process modeling

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Definitions:

Compound Interest

Interest computed on the original amount of a deposit or loan, incorporating all previously accrued interest from past periods.

Desired Rate

Typically refers to the target interest rate set by individuals or businesses for financial returns or lending activities.

Average Rate of Return

An investment's return, expressed as a percentage, which is calculated by dividing the average annual profit by the initial investment cost.

Cash Payback Method

An analysis technique to determine the time needed to recoup the initial investment in a project, based on cash flows.