Explain Porter's Value Chain Model and the Types of Activities

question 105

Essay

Explain Porter's value chain model and the types of activities involved in it.

Grasp Excel's functionality related to text overflow, cell selection, and error correction mechanisms.

Comprehend the use of charts, formatting options, and data entry conventions in Excel.

Understand the principles of internal control over cash receipts and disbursements.

Recognize the role and importance of a voucher system in controlling cash disbursements.

---

Definitions:

Statute of Limitations

A law which sets out the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Unenforceable

A term that describes a contract or clause that, due to certain defects or legal principles, cannot be legally compelled or enforced by a court.

Fairness of the Bargain

The equitableness or justness of the terms agreed upon in a contractual agreement.

Lawful Purpose

A lawful purpose is an action, contract, or transaction that is not in violation of any legal statutes or regulations.