Business Process Reengineering (BPR)involves Radical Redesign of Work Flow in the Organization

question 2

True/False

Business process reengineering (BPR)involves radical redesign of work flow in the organization.

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Definitions:

Basic Accounting Equation

The fundamental equation representing the relationship between a company's assets, liabilities, and equity; Assets = Liabilities + Equity.

Assets

Resources owned by a company that have economic value and can be converted into cash.

Liabilities

Financial obligations or debts that a company owes to external parties.

Residual Equity

The amount of equity remaining for shareholders after all liabilities have been deducted from total assets.