Which of the Following Statements Is True of a Value

question 95

Multiple Choice

Which of the following statements is true of a value chain?

• A) It includes the values,beliefs,and norms shared by all the employees of that organization.
• B) It represents the sum of all the policies and procedures-both written and informal-from each of the functional departments in the organization.
• C) It is composed of the key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service.
• D) It refers to the actions that are taken out of duty and obligation to a purely moral ideal,rather than based on the needs of the situation.

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Definitions:

Counter Check

A special bank check that allows a depositor to draw funds from his own account only, as when he has forgotten his checkbook.

Imprinted Checks

Checks that have been pre-printed with specific information, such as the payer's name and account details, to enhance security and reduce fraud.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Uncollectable Account

A debt or receivable that is considered to be uncollectible from a debtor, often because it is overdue or the debtor is unable to pay.