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:

Statement of Cash Flows

A financial statement that provides a detailed analysis of what happened to a company's cash during a period, categorizing cash flows into operating, investing, and financing activities.

Financing Activities

Transactions and events that affect the equity and long-term liabilities of a company, often reflected in the financing section of the cash flow statement.

Operating Activities

Activities that relate to a company's primary operations, including revenue and expense transactions that affect the net income.

U.S. GAAP

United States Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.