The cost of the business process is the sum of the cost of the inputs and the ________.
A) cost of the activities
B) cost of the outputs
C) value of the outputs
D) value of the product/service

Question

Quizplus · Accepted Answer

The cost of the business process is the sum of the cost of the inputs (materials, labor, etc.) and the cost of the activities (the actual process itself). The cost of the outputs is not factored into the cost of the process, as it represents the value of what the business has produced rather than the cost of creating it. The value of the product/service is also not the correct answer, as this refers to the price that the product or service is sold for, which is not directly related to the cost of the process.

The Cost of the Business Process Is the Sum of the Cost