Managers Often Break Activities into Four Groups for Value Chain

question 40

Multiple Choice

Managers often break activities into four groups for value chain analysis. Which of the following is not an activity category among those four groups?

• A) Unnecessary activities that cannot be eliminated
• B) Necessary activities that could be changed to improve the process
• C) Necessary activities that cannot be improved upon at this time
• D) Unnecessary activities that can be eliminated quickly

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Definitions:

Outstanding Checks

Checks that have been issued and recorded in an entity's accounting system but have not yet been cashed or cleared by the bank.

Bank Statement Adjustment

The process of modifying the balance shown in a bank statement to match the adjusted balance in the ledger accounts, usually due to timing differences in recording transactions.

Company Books Adjustment

The process of making changes to the financial records to correct errors or update accounting information.

Deposit In Transit

A banking term that refers to checks or other forms of payment that have been received and recorded by a company, but not yet processed or credited by the bank.