Process Design Specifies What Tasks Need to Be Done and How

question 9

True/False

Process design specifies what tasks need to be done and how they are to be coordinated among functions,people,and organizations.

---

Definitions:

Convertible Preferred Stock

A type of preferred stock that holders can convert into a predetermined number of common shares, often at a set price.

Preferred Stock

A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, usually with fixed dividends.

Common Stock

Shares of ownership in a corporation that entitle holders to vote at shareholder meetings and receive dividends.

Convertible Preferred Stock

A type of preferred stock that holders can convert into a specified number of common shares, usually at any time after a predetermined date.