Which of the Following Activities Would Be Considered a Primary

question 102

Multiple Choice

Which of the following activities would be considered a primary activity in a firm's value chain?

• A) Research and development
• B) Human resources
• C) Finance
• D) Production

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Definitions:

Requirements For Negotiability

The legal criteria that a document must meet to be considered negotiable, allowing it to be transferred or endorsed.

Contract Formed

The process of creating a legally binding agreement, requiring offer, acceptance, consideration, and mutual consent among parties.

Negotiable

Capable of being transferred or exchanged for value between parties, often referring to financial instruments like checks or bills of exchange.

Negotiable Instrument

A written, signed document that promises payment of a specified sum of money to the bearer or a named party.