When an Organization Uses the Technological Change as an Opportunity

question 11

Multiple Choice

When an organization uses the technological change as an opportunity to reevaluate and redesign existing processes rather than just automate existing processes, it is called:

• A)process evaluation
• B)gap analysis
• C)process reengineering
• D)strategic evaluation

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Definitions:

Profitability Ratios

Financial metrics used to assess a business's ability to generate profit relative to its revenue, operating costs, or shareholders' equity over time.

Cost Ratio

A financial metric that compares two cost-related factors against each other, often used to measure the efficiency or profitability of an operation.

Times Interest Earned Ratio

A financial metric used to measure a company's ability to meet its debt obligations, calculated as earnings before interest and taxes (EBIT) divided by interest expenses.

Operating Activities

The day-to-day activities of a business related to producing and selling its product, providing services, or other activities that are not investing or financing.