Identify a Key Advantage of a Business Process Management System

question 5

Multiple Choice

Identify a key advantage of a business process management system (BPMS) as compared to an event-based system.

• A) ease of use
• B) processing speed
• C) cost
• D) built in audit trail

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Definitions:

Break-Even Point

The point at which total revenues equal total costs, and the business makes neither profit nor loss.

Fixed Expenses

A repackaged definition of fixed costs emphasizing their nature as constant across different levels of output or sales.

Selling Price

The amount of money charged to the buyer for a product or service.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's bottom line.