Value-Chain Analysis Is Used to Identify Activities That Represent, or Can

question 64

Multiple Choice

Value-chain analysis is used to identify activities that represent, or can develop into, the core competencies of a business. Who introduced this concept?

• A) Ford
• B) Toyota
• C) Porter
• D) Smith
• E) Taylor

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Definitions:

Discount on Bonds Payable

The difference between the par value of a bond and its lower selling price, recognized as an expense over the life of the bond.

Contract Rate

The agreed-upon interest rate specified in a loan or bond contract.

Market Rate

The prevailing rate of interest for loans or investments within a specific market sector.

Journal Entry

A record in accounting that consists of a debit and credit action to document a business transaction in the general ledger.