Analyzing an Organization's Activities to Determine Where Value Is Added

question 24

Multiple Choice

Analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred best describes:

• A) affinity clustering.
• B) business process reengineering.
• C) value chain analysis.
• D) resource availability.
• E) technical difficulty.

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Definitions:

Business Trust

A form of business organization managed by trustees for the benefit of its beneficiaries, offering benefits like reduced taxation and liability protection.

Limited Liability Company

A company formation that merges the direct tax obligations of a partnership or a sole proprietorship with the protection against personal liability offered by a corporation.

Ease of Formation

The relative simplicity and lack of complication in legally establishing a new business or company.

General Partnership

A business arrangement where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.