Non Value-Added Activities

question 63

Multiple Choice

Non value-added activities:

• A) are unnecessary and should be eliminated where possible
• B) waste resources
• C) increase the worth of an organisation's goods and services to customers
• D) a and b

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Definitions:

Income Share

The proportion of total national or group income earned by individuals or entities, often analyzed to assess economic inequality.

Richest Americans

The term "richest Americans" refers to individuals within the United States who have the highest net worth, often derived from businesses, investments, inheritance, or other sources of income.

In-Kind Benefit

A benefit given in the form of goods or services.

Food Stamps

Government-issued vouchers that allow individuals to purchase groceries, aimed at assisting those in low-income households.