Activities That Do Not Add Value to a Product or Service

question 16

Multiple Choice

Activities that do not add value to a product or service that customers are willing to pay for are considered to be:

• A) normal business activities.
• B) non-value-added activities.
• C) part of the overhead costs of a business.
• D) a constraint.

Grasp the significance of selection in forming friendships and peer relationships.

Recognize the potential effects of social media on adolescent social connections and friendships.

Identify the characteristics of adolescent friendships, including similarities and diversities among friends.

Describe the structure and function of adolescent cliques and crowds in social development.

---

Definitions:

Debits

Entries that are recorded on the left side of accounting ledgers and journals, representing increases in assets or expenses or decreases in liabilities, equity, and income.

Assets

Resources owned by a company or individual that have economic value and can provide future benefits.

Liabilities

Liabilities refer to financial obligations or debts that a company owes, which are expected to be settled through the transfer of assets, provision of services, or other economic benefits.

Account

A record summarizing all the transactions pertaining to a single item in the accounting equation.