Activity Analysis Allows Managers to

question 44

Multiple Choice

Activity analysis allows managers to

• A)classify activities so that processes can be eliminated.
• B)devise ways to minimize or eliminate non-value-added activities.
• C)evaluate process performance to gain competitive advantages.
• D)all of the above.

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Definitions:

Offer

A tentative promise to do something if another party consents to do what the first party requests.

Telephone

A telecommunications device that allows two or more users to conduct a conversation when they are too far apart to be heard directly.

Invitation To Treat

An Invitation to Treat is a legal expression signaling the initiation of negotiations, inviting offers which can then be accepted or rejected by the party issuing the invitation.

Reward

An offer of compensation for providing assistance, such as returning lost property or providing information leading to fulfilling certain conditions.