Which of the Following Is an Example of a Value-Added

question 99

Multiple Choice

Which of the following is an example of a value-added activity?

• A)supervision of production workers
• B)inspection of products
• C)scheduling of production
• D)All are value-added activities.

Understand the concept of percent change and its application to increase or decrease in values.

Understand the concept of breach of warranty and the rights of transferees against transferors in negotiable instruments.

Grasp the process of presentment and the implications of delayed banking transactions on negotiable instruments.

Recognize the chain of endorsement and the implications on liability and recovery in negotiable instruments.

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Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits or losses.

Operating Agreement

An operating agreement is a legal document outlining the governance and business operations of an LLC (Limited Liability Company).

Limited Liability Company

An organizational framework that blends the individual tax reporting features of partnerships or sole proprietorships with the reduced personal legal responsibility found in corporations.

Withdraw

The act of pulling back or removing oneself or one's assets from a situation, investment, or commitment.