Business Process Re-Engineering Is

question 155

Multiple Choice

Business process re-engineering is

• A) the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.
• B) a program certifying that a factory, laboratory, or office has met the quality management standards of the International Organization for Standardization.
• C) a certification program attesting to the fact that a factory, laboratory, or office has improved environmental performance.
• D) the redesigning of business processes to improve performance, quality, and productivity.
• E) the concept that all employees are valuable contributors to a firm's business, and should be entrusted with decisions regarding their work.

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Definitions:

F-distribution

A probability distribution that arises in the analysis of variances for comparing variances between samples.

Sample Variances

The measure of how spread out the numbers in a sample dataset are, calculated by averaging the squared differences from the sample mean.

Normal Population

A group or set of entities that exhibit data distribution in a bell-shaped curve, also known as the Gaussian distribution, where the mean, median, and mode are equal.

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution or in the calculation of a statistic.