BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Consider the following statements about Business Process Re-engineering (BPR):
- Business Process Re-engineering (BPR) aims to radically redesign business processes to achieve significant improvements in critical performance measures such as cost, quality, service, and speed.
- BPR typically involves incremental changes and continuous improvements to existing processes.
- BPR often requires changes in organizational structure, culture, and information technology to support the redesigned processes.
Which of the above statements are correct?
1
1 and 2 only
2
2 only
3
1 and 3 only
4
2 and 3 only
5
1, 2, and 3