The Series of Activities in Which Customer Usefulness Is Added

question 61

Multiple Choice

The series of activities in which customer usefulness is added to the product is the definition of:

• A) A value chain
• B) Process value analysis
• C) Integrated manufacturing
• D) Activity based costing

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Definitions:

Receivables

Money owed to a company by its customers or other parties, typically from sales of goods or services on credit.

Maturity Value

The amount payable to an investor at the end of a debt instrument's holding period, including principal and interest.

Note Receivable

A written promise to pay a specified amount of money, usually with interest, at a future date; it is recorded as an asset on the balance sheet.

Due Date

The specific date by which a payment must be made or a task must be completed.