Primary Activities of the Value Chain Include

question 74

Multiple Choice

Primary activities of the value chain include

• A)accounting
• B)human resources
• C)procurement
• D)production

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Definitions:

Direct Labor

The labor costs directly tied to the production of goods or services.

Direct Materials

Raw materials that are directly incorporated into a finished product and can be directly traced to that product.

Traditional Format Income Statements

A type of financial statement that presents the revenues, expenses, and profits or losses of a company over a specific period, formatted in a conventional manner.

Factory Supervisor

An individual responsible for overseeing the operations and workers in a factory, ensuring production targets and quality standards are met.