Laurie and Milton were developing a business process management plan for their organization.After deciding to focus on the process of purchasing fixed assets, they should:
A)Determine how the fixed asset purchasing process currently works.
B)Estimate the remaining useful life for each fixed asset in the company.
C)Look up the definition of "fixed assets" on the FASB web site.
D)Make the improvements they believe are necessary.

Question

Quizplus · Accepted Answer

To develop a business process management plan for the process of purchasing fixed assets, the first step would be to determine how the process currently works. This will help identify any inefficiencies or areas for improvement. Estimating remaining useful life and looking up definitions are not necessary for the initial planning process. Making improvements should come after analyzing and identifying areas for improvement.

Laurie and Milton Were Developing a Business Process Management Plan