Value-Added Activities

question 54

Multiple Choice

Value-added activities

• A)should be reduced or eliminated.
• B)involve resource usage customers are willing to pay for.
• C)add cost to a product without affecting selling price.
• D)cannot be differentiated from non-value-added activities.

Understand the implications of vehicle dynamics, such as wheelbase and yaw resistance, on braking and stability control systems.

Understand the mechanisms and components involved in air-over-hydraulic and hydraulic brake systems.

Identify the functions and operations of various valves in hydraulic brake systems.

Recognize the maintenance, service, and repair techniques for hydraulic brake systems.

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Definitions:

Wages

Payments made to workers or employees as compensation for their labor, typically calculated on an hourly, daily, or piecework basis.

Bonuses

Extra payments given to employees above their normal compensation as a reward for performance or achievement.

Fringe Benefits

Additional benefits offered to employees beyond salaries and wages, including health insurance, retirement plans, and paid vacation.

Nominal Wage

The amount of money paid to an employee before adjustments for inflation, often expressed as an hourly or annual figure.