Question: Explain how a small change to a process can lead to a significant financial payoff. Define business process and the key terms that describe business

Explain how a small change to a process can lead to a significant financial payoff. Define business process and the key terms that describe business processes: activity, resource, role, and actor. Name the term that can be fulfilled by either a human or computer. Explain the four characteristics of processes. List the three main categories of process scope, and explain how each one is different from the others. Give examples of processes in each of the categories. Define efficiency and effectiveness. What things are efficient and effective?

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