Non-Value Added Activities Are

question 257

Multiple Choice

Non-value added activities are

• A)also called waste activities.
• B)activities that neither enhance the customer's image of the product or service nor provide a competitive advantage.
• C)activities that could be reduced or removed from the process with no ill effect on the end product or service.
• D)All of the above.

Understand and apply the concept of depletion for natural resources.

Apply the concept of amortization for intangible assets.

Analyze and interpret fixed asset turnover ratios.

Understand the impact of asset revaluation and the resulting effect on depreciation expenses.

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Definitions:

Shut-Off Valve

A type of valve designed to cut off the flow of liquids or gases within a pipeline system.

Household Damage

Damage or harm caused to the structure, contents, or occupants of a house due to various factors such as accidents, natural disasters, or wear and tear.

Water Supply

The system or process involved in providing water to meet agricultural, residential, industrial, and all other needs of a population.

States of Nature

The different outcomes or future conditions that might occur in a decision-making scenario, over which the decision maker has no control.