The possible states of a process are:. a) new, running, waiting, ready, and terminated. b) The process is created while in the new state. c) In the running or waiting state, the process is executing or waiting for an event to occur respectively. d) The ready state occurs when the process is ready and waiting to be assigned to a processor and should not be confused with the waiting state mentioned earlier. e) After the process is finished executing its code, it enters the termination state.