Which of the Following Would Likely Not Be Considered Part

question 27

Multiple Choice

Which of the following would likely not be considered part of the value chain in a service firm?

• A)Inspection of product.
• B)Advertising.
• C)Employee training.
• D)Customer service.
• E)Materials handling.

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Definitions:

Adjusted Trial Balance

An adjusted trial balance is a list of all the accounts of a company, including any adjustments, showing the final balances to be used for preparing financial statements.

Income Statement

Financial statement that displays a company’s revenues and expenses, and ultimately its profit or loss, over a particular period, offering insight into its operational efficiency.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals, used to verify the balance of debits and credits.

Insurance Policy

An insurance policy is a contract between an insurer and an insured, outlining the terms under which the insurer agrees to compensate the insured for specific losses.