What Focuses on Non-Value-Added Activities

question 80

Multiple Choice

What focuses on non-value-added activities?

• A)activity sharing
• B)activity elimination
• C)activity selection
• D)activity reduction

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Definitions:

Rights

Fundamental principles or entitlements that individuals possess, legally or morally, allowing them to perform or refrain from certain actions.

Profitability

A financial metric indicating the degree to which a company or business earns more revenue than it spends on expenses.

Costs

Costs generally refer to the expenditure required to achieve a specific objective, such as the money spent on goods, services, production, or projects.

Benefits

Advantages or perks, often provided by employers to employees, such as health insurance, retirement plans, and paid time off.