Which of the Following Best Describes a Business Process

question 95

Multiple Choice

Which of the following best describes a business process?

• A)It is a set of activities designed to achieve a task.
• B)It is an algorithm in an information system.
• C)It is a set of security policies that governs a business.
• D)It refers to an idea that guarantees a firm a lead over its rivals.

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Definitions:

Cost-Push Inflation

It occurs when the overall prices in an economy increase due to rising costs of wages and raw materials.

Employment

A state of having a paid job or occupation, contributing to an economy's workforce.

Anticipated Inflation

Inflation that is expected to occur in the future, as predicted by current economic indicators and analysis.

Unanticipated Inflation

Inflation that occurs when the actual rate is not what was expected, causing uncertainty and potential issues for businesses and consumers.