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Identify the following quality control activities as either value-added or non-value-added.
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Intangible Assets
Non-physical assets that have value, such as patents, trademarks, copyrights, and goodwill.
Natural Resources
Assets that occur in nature, such as minerals, timber, and water, which can be used to produce goods and services.
Research and Development
Activities undertaken by a company to innovate and introduce new products or services, often involving experimental or theoretical work.
Fixed Asset Turnover
A financial ratio that measures a company's efficiency in using its fixed assets to generate sales.
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