(CMA)The Series of Activities in Which Customer Usefulness Is Added

question 96

Multiple Choice

(CMA) 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:

Enforceable Security

A financial instrument or an interest in property that can be legally upheld and enforced in a court of law.

Attachment

A legal process by which a court orders the seizure of property to secure the satisfaction of a judgment or as a means of obtaining jurisdiction.

Perfection

The process or method by which a secured party obtains a priority in certain collateral belonging to a debtor against creditors or claimants of a debtor; it usually entails giving notice of the security interest, such as by taking possession or filing a financial statement.

UCC Article 2

Part of the Uniform Commercial Code that governs the sale of goods, providing a framework of rules and regulations for merchants and others engaged in commerce.