The Cost of the Business Process Is the Sum of the Cost

question 84

Multiple Choice

The cost of the business process is the sum of the cost of the inputs and the ________.

• A)cost of the activities
• B)cost of the outputs
• C)value of the outputs
• D)value of the products

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Definitions:

Key Factors

Critical elements or variables that significantly impact the outcome of a process, project, or evaluation.

Profitability

The financial measure indicating the extent to which a business or activity generates income exceeding its costs and expenses, reflecting its economic success.

Supply Chain

A supply chain encompasses all stages involved in fulfilling a customer demand, from raw materials to the delivery of the final product.

Managerial Levers

Tools or mechanisms used by managers to control, influence, or adjust operations within an organization for optimal performance.