One of the Basic Principles of Business Process Management Discussed

question 62

Multiple Choice

One of the basic principles of business process management discussed in the text states: "Ensure that top management can describe current business processes before trying to modify the processes." Which of the following would be the most appropriate way to fulfill that principle?

• A)Ask employees if they believe top management can describe current business processes.
• B)Ask top management to quote from the company procedures manual.
• C)Give top management a ten question multiple choice quiz.
• D)Lead a group discussion with top managers.

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Definitions:

Balance of Trade

The variance between what a country spends on imports and earns from exports during a certain timeframe.

Economic Revival

A period of growing business activity signaling the end of a recession or economic downturn, often characterized by increases in employment, consumer spending, and investment.

Trade Deficit

A condition in which a nation's imports of goods and services surpass its exports, resulting in a deficit in the trade balance.

Absolute Advantage

A situation where a country, entity, or individual can produce a good or service more efficiently (using fewer resources) than another.