Define structured processes and list their characteristics
What will be an ideal response?
Structured processes are formally defined, standardized processes that involve day-to-day operations: accepting a return, placing an order, purchasing raw materials, and so forth.
The characteristics of structured processes are:
1. They support operational and structured managerial decisions and activities.
2. They are standardized.
3. They are usually formally defined and documented.
4. Exceptions are rare and not (well) tolerated.
5. Their process structures change slowly and with organizational agony.
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Fill in the blank(s) with the appropriate word(s).
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A) Abstract with the title opinion B) Title commitment C) Title insurance D) Suit to quiet title