Explain business process management along with the reason for its importance to an organization.
What will be an ideal response?
The latest area to discover the power of technology in automating and reengineering business process is
business process management. Business process management (BPM) integrates all of an organization's
business process to make individual processes more efficient. BPM can be used to solve a single glitch or
to create one unifying system to consolidate a myriad of processes. Many organizations are unhappy with
their current mix of software applications and dealing with business processes that are subject to constant
change. These organizations are turning to BPM systems that can flexibly automate their processes and
glue their enterprise applications together.
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Which of the following is a type of flow that connects all institutions in a marketing channel?
A) payment flow B) ownership flow C) physical flow D) promotion flow E) information flow
A very revealing outcome of a perceptual map that captures customers’ perceptions of competitors is
a. how they feel about competitors b. the ideal offering they would like to have c. possible white space where no competitors currently exist d. All of the above
According to the Supreme Court in Erie Railroad Co v. Tompkins, where Tompkins sued a New York company that owned a train that hit him in Pennsylvania, the doctrine of Swift v. Tyson, which held that federal courts exercising jurisdiction on the ground of diversity of citizenship need not, in matters of general jurisprudence, apply [the common law] of the state as declared by its highest court,
introduced: a. discrimination against state citizens by non-state citizens b. discrimination against non-state citizens by state citizens c. a substantial party problem d. a stare decisis problem e. an ultimate jurisdiction problem
Which of the following observations pertaining to the EU's Court of Justice is incorrect?
A. It is comprised of one judge from each country. B. It is the supreme appeals court for EU law. C. Its judges are required to act as representatives of national interests. D. A member country can bring other members to the court for failing to meet EU treaty obligations.