Sandy Fiero Works as the Chief Knowledge Officer for Bend

question 164

Multiple Choice

Sandy Fiero works as the Chief Knowledge Officer for Bend Lumbar Company. She has been given the responsibility to create a product or service that will bring an added value to its customers to increase the company's revenue. Sandy determines that the best value she can add is by creating a service that offers free next day shipping on any order over $50. Where in the value chain is Sandy adding value?

• A)The primary value activity outbound logistics.
• B)The primary value activity inbound logistics.
• C)The primary value activity marketing and sales.
• D)The primary value activity operations.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their final balances after adjusting entries have been made, used to prepare financial statements.

Unadjusted Trial Balance

A financial document listing all the accounts and their balances at a particular date, before any adjustments are made.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.

Accrued Revenues

Revenues earned in an accounting period that have not yet been received in cash or recorded at the statement date.