Which of the Following Statements Is True About Process Problems

question 23

Multiple Choice

Which of the following statements is true about process problems?

• A)The task of solving a process problem is ideally given to systems analysts.
• B)An as-is diagram for business processes exists in all organizations.
• C)Business analysts prefer to use process schematics instead of Business Process Modeling Notation.
• D)When a business process has simply evolved, it is possible that no one knows the entire process.

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to outlaw monopolistic business practices.

Demand Elasticity

An indicator that reflects the degree of change in demand for a good due to price adjustments.

Optimal Strategy

The best course of action to achieve the highest payoff or benefit, given a particular set of conditions.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price each individual consumer is willing to pay for each unit, thereby extracting all consumer surplus.