Nonvalue-Added Activities

question 144

Multiple Choice

Nonvalue-added activities

• A) are unnecessary inputs.
• B) are valued outputs to internal users.
• C) are valued outputs to external users.
• D) help meet the organization's needs, not the product needs.

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Definitions:

Monopolist

A single seller in a market who has significant control over the entire market, including the ability to influence prices and market conditions.

MR

Marginal Revenue is the additional income generated from the sale of one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product, which varies depending on the level of production.

Marginal Revenue

The gain in revenue from disposing of one additional unit of a good or service.