The Value Chain of an Organization Refers To

question 49

Multiple Choice

The value chain of an organization refers to:

• A)the process of using strategic cost information to manage the activities of the organization.
• B)the sequence of functions and related activities that add value for the customer.
• C)the procedure of collecting and recording the value of information in the accounting system.
• D)None of the answers are correct.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.