According to Business Process Management,which of the Following Would Be

question 33

Multiple Choice

According to business process management,which of the following would be the next step taken by management after identifying the ways in which the information systems can be used?

• A) identifying the critical processes that are to be redesigned
• B) understanding and measuring the existing processes as a baseline for future improvements
• C) reducing costs and shortening the time it takes to get products to market
• D) designing and implementing a prototype of the new process
• E) developing a vision for the organization that specifies the business objectives

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Definitions:

Free Trade

The exchange of goods and services across international boundaries or territories without restrictions such as tariffs, duties, or quotas.

GATT

stands for the General Agreement on Tariffs and Trade, an international treaty created to reduce trade barriers and promote international trade through the reduction of tariffs and quotas.

Quantitative Restriction

A limit on the importation of certain goods that is imposed on the basis of number of units, weight, or value for national economic reason, or for the protection of domestic industry; prohibited by GATT.

Forum Non Conveniens

A legal doctrine allowing courts to dismiss a case if another court or forum is more suited to hear the case, usually due to convenience factors.