Value-Added Activities

question 121

Multiple Choice

Value-added activities

• A) should be minimized or eliminated.
• B) involve those activities that are essential to a company's operations.
• C) add cost to a product without affecting selling price.
• D) cannot be differentiated from non-value-added activities.

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Definitions:

Labour

The workforce involved in the creation of goods and provision of services in an economy.

Ethical Challenges

Situations in which individuals or organizations must make decisions that involve distinguishing between morally right and wrong actions.

Stakeholder Commitments

Obligations or responsibilities that an organization has towards its stakeholders, including customers, employees, investors, and others.

Executive Pay

Compensation awarded to executives, including salary, bonuses, and other benefits.