The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true
<u>Explanation:
</u>
A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.
The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.
These includes the following,
- Composition
- Leadership structure
- Interlocks
The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.
Decrease assets, decrease liabilities. Accounts payable are what the business owes (liabilities). By paying off accounts payable, the liabilities are decreasing (they owe less) and the assets are also decreasing (because they use assets/cash to pay off the liabilities, so they have less now).
Hope that helps
(C) Business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.
<h3>
What is Business process reengineering
(BPR)?</h3>
- Business process re-engineering (BPR) is an early 1990s business management method that focuses on the analysis and design of workflows and business processes within a company.
- BPR seeks to assist firms in fundamentally rethinking how they do business in order to improve customer experience, reduce operational costs, and compete on a global scale.
- BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up.
- A business process, according to early BPR proponent Thomas H. Davenport (1990), is a sequence of logically related operations executed to produce a specific business objective.
Therefore, (C) business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.
Know more about Business process reengineering here:
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Complete question:
__________ is the analysis and redesign of workflow within and between enterprises.
Multiple Choice
(A) Critical success factors (CSFs)
(B) Benchmarking metrics
(C) Business process reengineering (BPR)
(D) Decision support interfaces (DSI)
Answer: C
Explanation: The deadwood employee is the one who habitually does the minimum amount to get by, often blaming others or the “system” when there are problems. They may have ‘retired on the job,’ or lost motivation to work, like spreading gossip and rumours somas not to put in the required energy to work or they are just generaaly lazy folks.
