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weeeeeb [17]
3 years ago
7

What is a business process? Why is adopting a process view of organizations essential to becoming a successful manager?

Business
1 answer:
alisha [4.7K]3 years ago
3 0

Explanation:

Business process can be defined as the series of interlinked activities starting right from making of a product to delivering that product to the customers. An organisation's success depends on its business processes that how effectively and efficiently they are performed to achieve business goals while remaining profitable.

Organisations takes some inputs, process them into final outputs. Inputs could be in the form of information, raw material etc, while outputs are the final products.

Managers needs to understand the process view because he should have complete knowledge of all the processes of an organisation. If they have this knowledge then they can easily evaluate, analyse, and modify the processes only and if they have deep insights about them.

For example: Manager working in KFC, should have knowledge about all the manufacturing, taking orders, serving customers and then taking feedback from them. Manager can only be effective if he has knowledge and he can understand and make them happen efficiently.

You might be interested in
Nonprofit agencies are frequently called voluntary service agencies because they use only volunteers to provide services.True /
rodikova [14]

Answer:

The answer is "False".

Explanation:

Nonprofits are taxation-exempt or charity because, they don't pay tax, on their organization's money they earn, that can work in social, scientific, educational, or research settings.

  • It also makes money, but sometimes they are distinguished, itself to for-profit businesses by the profits they make.
  • The cash is used to expand the organization, and promote the work further, that's why the answer to this question is false.
6 0
3 years ago
Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in,
elena55 [62]

Answer:

Revenue/Income; Expenses

Explanation:

Profit or Loss is determined as the difference between the revenue made by a business (also known as its income), and the expenses spent in the process of generating that revenue.

Profit/Loss = Revenue - Expenses

If the difference is positive, the outcome is a profit. If the difference is negative, the outcome is a loss.

5 0
3 years ago
On July 3, 2009, Devin purchased 100 shares of CDEF stock at a cost of $30 per share. His commission was $29. He sold his shares
vichka [17]

Answer:

$1,692

Explanation:

Data provided in the question:

Number of shares purchased = 100

Cost of stock = $30 per share

Commission = $29

Selling price per share = $45

Commission for selling = $29

Earned dividends = $2.50 per share

Now,

Total Return

= Number of Shares × (Sale Price - cost + Total dividends) - Total Commissions

or

Total Return = 100 × ($45 - $30 + $2.50) - (2 × $29)

or

Total Return = $1750 - $58

or

Total Return = $1,692

8 0
3 years ago
For financial reporting purposes, cash generally includes currency and other items that are payable on demand, such as checks, m
Schach [20]

Answer:

The statement is: True.

Explanation:

For accounting purposes, cash is defined as every monetary instrument that can easily be converted into actual cash. Those instruments can be <em>coins, currency, checks, money orders, bank drafts, </em>or <em>Certificates of Deposit (CD), </em>to mention a few. In its most basic essence, cash is the default medium of exchange for goods and services to be traded.

6 0
3 years ago
Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following
aleksley [76]

Answer:

D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value

Explanation:

Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver

Fiat money is money that has no intrinsic value but the government establishes it as money.

I hope my answer helps you

5 0
3 years ago
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