What Factor Underlies the Seven Principles of Reengineering

question 27

Multiple Choice

What factor underlies the seven principles of reengineering?

• A)advances in management practices
• B)efficient and effective use of information technology
• C)global competition
• D)the work flow software

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Definitions:

Rational Expectations

An economic theory that posits individuals make decisions based on their expectations for the future, which are in turn based on past trends and information considered to be most relevant.

Discretionary Fiscal Policies

Economic policies based on government spending and taxation that are undertaken intentionally by a government to influence its economy.

Aggregate Demand

The collective need for all products and services in an economy at a specific overall price level during a certain timeframe.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate depiction of an economy's size and how it's growing over time.