Which of the Following Statements Is True of Business Processes

question 51

Multiple Choice

Which of the following statements is true of business processes?

• A)Process effectiveness is determined by the ratio of benefits to costs.
• B)Cost of infrastructure is not included under cost of business process.
• C)An effective business process enables an organisation to accomplish its strategy.
• D)If two versions of a business process create the same benefit,then the higher cost one is more efficient.

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Definitions:

Marginal Output

Marginal Output is the additional quantity of output that is produced by utilizing one more unit of a certain input, holding all other inputs constant, used to assess productivity improvements or decreases.

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows so large that the costs per unit increase, opposite of economies of scale where costs decrease with increasing production.

Economic Growth

A rise in the output of goods and services within an economy over a specific time frame.

Employment Discrimination

The unfair or prejudicial treatment of individuals in the workplace based on race, gender, age, religion, nationality, or other non-merit factors.