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Effectus [21]
3 years ago
15

True or False: Business process modeling (or mapping) is the activity of creating a detailed flow chart or process map of a work

process showing its inputs, tasks, and activities in a structured sequence.
Business
1 answer:
Sedbober [7]3 years ago
3 0

Answer:

True

Explanation:

Business process mapping is a way to visualize what a business does by taking into account roles, responsibilities and standards. Business process modeling (BPM) takes this one step further by providing a visual way to understand, analyze, and improve upon a current method of working. There are a number of reasons why organizations map their processes. Sometimes business process mapping and business process modeling are used interchangeably to refer to simply documenting of how a business operates, how inputs and outputs flow through a system. In reality, business process mapping is the tool focused on documentation. It shows how work is done, not necessarily how it should be done. Business process modeling is more about in-depth analysis and optimizing inefficiencies and bottlenecks.

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Which of these is NOT an example of a fixed expense in a budget?
STatiana [176]
D) expenses for a birthday party
5 0
4 years ago
Read 2 more answers
Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro
Gnoma [55]

Answer:

correct option is A. ​$331,000

Explanation:

given data

Direct materials =  ​$86,000

Direct labor ​= 130,000

Variable factory overhead = ​57,000

Fixed factory overhead ​= 135,000

Total costs = ​$408,000

avoidable =  $58,000

to find out

highest price that McMurphy should be willing to pay for​ 12,000 units of the part is

solution

we get here highest price that McMurphy should be willing to pay for​ 12,000 units of the part that is express as

highest price  = Direct material + Direct Labor + variable factory overhead + avoidable fixed overhead   .....................1

put here value we get

highest price  = $86000 + $130000 + $57000 + $58000

highest price  = $331,000

so correct option is A. ​$331,000

7 0
3 years ago
ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 pe
melisa1 [442]

Answer and Explanation:

The computation is shown below;

a. Raw material price variance is

= (standard price - actual price) × actual quantity

= ($10 - $11) × ($69,300 ÷ $11)

= ($10 - $11) × 6,300

= $6,300 unfavorable

b. The raw material usage variance is

= (Standard quantity - actual quantity) × standard price

= (525 × 13 - 6,300) × $10

= $5,250 favorable

In this way it should be calculated

3 0
3 years ago
Changes in the national incomes of our trading partners would directly impact our:
laila [671]
The changes would directly impact our Exports.
When the national income of our trading partner increased, the purchasing capabilities that they have would also be increased.
Which means that we could sell a lot more product to that partner (increasing the export)
6 0
3 years ago
What is the term that describes when the amount of goods produced is about the same as the number of consumers who are willing t
Korolek [52]

Answer:

Consumer Goods

Explanation:

Consumer goods are products bought buy consumption by the average consumer.

3 0
3 years ago
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