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

---

Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the business assets.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Consolidated Financial Statements

Financial statements that represent the aggregation of a parent company and its subsidiaries, presenting the financial position and results of operations as if the group were a single entity.

Consolidated Statement

A financial statement that aggregates the financial positions of a parent company and its subsidiaries.