Waste Activities Is Another Name for Non-Value-Added Activities

question 52

True/False

Waste activities is another name for non-value-added activities.

---

Definitions:

Mortgagee

The lender in a mortgage agreement, typically a bank or financial institution, that has the legal rights to the property as security for the loan provided.

Further Loan

Additional borrowing extended on top of an existing loan, often to supplement initial financing.

Commercial Tenancy

An arrangement where a business leases or rents commercial property from a landlord for use as business premises.

Lessee

A person who leases or rents property from another called the lessor, typically under a lease agreement.