In Value Analysis,which of the Following Activities Should Be Eliminated

question 22

Multiple Choice

In value analysis,which of the following activities should be eliminated?

• A)Real value
• B)Business value
• C)No value
• D)Value add

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Definitions:

Specific Identification Method

An inventory costing method where each item in inventory is individually identified and valued, suitable for unique or expensive items.

Income Manipulation

Practices that adjust the way income is recorded or reported to present financial results in a misleadingly favorable light.

Assets Section

The part of a balance sheet that lists the company's resources, such as cash, inventory, and property.

Expense Section

A part of the financial statement that lists and details the costs incurred by a company during a specific period.