_____ Actions and Resources Are Those Actions in a Process

question 37

Multiple Choice

_____ actions and resources are those actions in a process that must be done to make the product but create no value for the customer.

• A) Non-value-adding
• B) Necessary non-value-adding
• C) Value-adding
• D) Inventory surplus
• E) None of the above.

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Definitions:

Extensive Form

A way of representing a game in game theory, showing the sequence of moves and decisions, as well as the payoffs for each possible outcome in a tree format.

Subsequent Games

Games or rounds of play that follow an initial game, often with outcomes or strategies that depend on the results of prior games.

Reciprocity

A social norm that involves mutual exchange of privileges or goods among parties, expecting that the benefits given will be returned in the future.

Sequential Game

A strategic game in economics or game theory where players make decisions one after another, allowing for the observation of previous actions before taking a decision.