Which of the Following BEST Describes Value-Added Analysis

question 71

Multiple Choice

Which of the following BEST describes value-added analysis?

• A) a TQM tool in which groups of employees work together to improve quality
• B) the process of evaluating all work activities, materials flows, and paperwork to determine the value that they create for customers
• C) the process by which a company implements the best practices from its own past performance and those of other companies to improve its own products
• D) the process by which a company analyzes a product to identify possible improvements
• E) a total company commitment to quality management at every stage of the process

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Definitions:

Corporate Income Tax

A tax imposed on the net income of a corporation, calculated on its net earnings.

Stockholders

Individuals or entities that own shares in a corporation, granting them certain rights and potentially a share in its profits.

Benefits Principle

The idea that people should pay taxes based on the benefits they receive from government services

Taxes

Obligatory charges imposed by authorities on the earnings of employees and the profits of businesses, or applied to the price of various commodities, services, and financial activities.