An Assessment Conducted on the Chain of Interlinked Activities of an Organization

question 47

Multiple Choice

An assessment conducted on the chain of interlinked activities of an organization or set of interconnected organizations and intended to determine where and to what extent value is added to the final product or service is known as:

• A) economic value added.
• B) internal analysis.
• C) value chain analysis.
• D) SWOT analysis.
• E) none of the above.

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Definitions:

Cognitive Dissonance

The psychological unease felt by someone when they simultaneously possess conflicting beliefs, ideas, or values.

Psychological Inconsistency

The state of holding conflicting cognitions (e.g., beliefs, attitudes) simultaneously, which can lead to discomfort and attempts to resolve the contradiction.

Induction

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Deduction

A logical process wherein a conclusion follows necessarily from the premises presented, if the premises are true, the conclusion must also be true.