What is a business process? How do you determine the cost and margin of a business process?
What will be an ideal response?
A business process is a network of activities that generate value by transforming inputs into outputs. Each activity is a business function that receives inputs and produces outputs. An activity can be performed by a human, by a computer system, or by both.
The cost of the business process is the cost of the inputs plus the cost of the activities. The margin of the business process is the value of the outputs minus the cost.
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Annette is representing Jackson Hauling, a new commercial trash collection service, in a negotiation with the house manager of one of the local university's social fraternities. Annette first plans to suggest that her company can place a larger dumpster behind the fraternity house than the current dumpster the other collection service company provides. She then plans to propose that the group's trash be picked up twice a month. She hopes the frat will accept a once-a-week pickup given the larger size dumpster provided, and she knows that because Jackson is a "small-time" startup company with only a limited number of trucks, the most she can offer is twice weekly pickup. Twice monthly pickup is Annette's ________ position.
A. average B. minimum C. target D. maximum E. opening
Probably the most important indicator of financial health is the net cash flow from
a. operating activities. b. investing activities. c. financing activities. d. buying and selling activities.
Personal appearance is considered to be an element of professional business etiquette
Indicate whether the statement is true or false.
A(n) ________ is a person who organizes and starts a corporation, negotiates and enters into contracts in advance of its formation, finds the initial investors to finance the corporation, and so forth
A) incorporator B) promoter C) articles drafter D) negotiator