Elimination of Low-Value-Added Activities in a Firm Should

question 49

Multiple Choice

Elimination of low-value-added activities in a firm should:

• A)Be discouraged because of potential harmful effects.
• B)Not affect customer value.
• C)Not have priority because low-value-added activities have little effect on a firm's performance.
• D)Have priority only when a firm is operating at a loss.
• E)Happen naturally if the firm is well-managed.

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Definitions:

Unfinished Tasks

Tasks that have been started but not completed, often causing a mental or emotional burden due to the pending work that remains to be done.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Quality Work

Work or output that meets or exceeds predefined standards of excellence, often characterized by attention to detail, craftsmanship, and customer satisfaction.

Resources Consumed

The materials, time, energy, and other assets used or expended in the process of achieving a task or goal.