Which of the following statements best describes a business process?
A)It is a collection of activities in an organization that creates value
B)The nature and type of processes might vary from industry to industry
C)It is an activity that increases and/or decreases dollar amounts on the financial statements
D)It is an economic event in the life of an organization

Question

Quizplus · Accepted Answer

A business process is a series of activities in an organization that creates value by transforming inputs into outputs. It typically involves multiple steps and stakeholders, and is designed to achieve a specific goal or objective. Business processes can be found in all types of organizations, from manufacturing and retail to healthcare and finance. The nature and type of processes will differ from industry to industry, but the underlying concept remains the same. Business processes can impact financial statements, but they are not solely focused on increasing or decreasing dollar amounts.

Which of the Following Statements Best Describes a Business Process