BUAD 342 Exam 1 Questions and
Answers | Graded A+
Why do organizations perform business processes? - Answer-to reach strategic
business goals
How is a business event related to a business process? - Answer-By analyzing
business events, we can more easily identify the data needs of a business p...
Name and describe some common business events for the business process
Conversion. - Answer✔✔-- assembling a product
- growing a crop
- transforming knowledge into valued intellectual property
- steps in educating or training
- discovering (e.g. research and development activities)
Business Process - Answer✔✔-collections of related activities that combine different
resources and inputs to create valuable outputs (including products or services)
Business Event - Answer✔✔-activities performed within a business process
Decomposition (decompose processes) - Answer✔✔-the way that business
processes are simplified
break down processes into pieces called events
Economic Event (a business process event) - Answer✔✔-the transfer of control of an
economic resource from one party to another
For Profit Organizations - Answer✔✔-generating a profit is the primary objective
Examples of For Profit: - Answer✔✔-manufacturers
service providers
retailers/distributers
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