In business process management (BPM), an as-is model ________.
A. predicts the likely future state of a business process
B. documents the existing business process
C. represents the ideal state of a business process
D. contrasts the former and current states of a business process
E. represents the desired state of a business process
Answer: B
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The management of Earth Barber Lawnmowers has calculated the following variances:
When determining the total product cost flexible budget variance, what is the total fixed overhead variance of the company?
A) $6500 F
B) $4000 F
C) $10,500 F
D) $5500 F
When a maximization problem is ________, the objective function can increase indefinitely without reaching a maximum value
Fill in the blank with correct word.
Which of the following is true about misrepresentations of law?
A) A misrepresentation of law is usually not a basis to recover because both parties are assumed to know the law. B) When an expert in the law makes a misrepresentation of law to a less sophisticated party, the misrepresentation is not actionable because each party is presumed to make its own investigation of the applicable law. C) A misrepresentation of law is treated as fraud in the inducement. D) A misrepresentation of law is treated as a unilateral mistake.
Long-term loans from commercial banks are usually readily available to small startup firms.
Answer the following statement true (T) or false (F)