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A value-added activity in a service enterprise is
Accrued Vacation Pay
Represents the amount of vacation time earned by employees that has not yet been used or paid out, and is recorded as a liability on the company's balance sheet.
Vacation Cost
Expenses associated with taking a vacation, including travel, accommodation, meals, and activities.
Product Warranty
A guarantee provided by the seller that a product will meet certain performance standards or can be repaired or replaced within a specified period.
Quick Ratio
A financial metric that measures a company's ability to cover its current liabilities with its most liquid assets, excluding inventory.
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