Which of the Following Is a Characteristic of Dynamic Processes

question 8

Multiple Choice

Which of the following is a characteristic of dynamic processes?

• A)They support strategic and less structured managerial decisions.
• B)They are usually formally defined and documented.
• C)They support operational and managerial decisions and activities.
• D)They are standardized processes.

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Definitions:

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer.

Materials Flow

The movement of raw materials, components, and finished products through various stages of production and distribution.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Resource Supplies

The availability and allocation of resources (such as raw materials, finances, and labor) necessary for the production of goods and services.