Examlex
Non-value added activities are activities that neither enhance the customer's image of the product or service nor provide a competitive advantage.
Record
An account or report documenting the occurrence or performance of something, often kept in writing or another permanent form.
Fair Coin
A hypothetical coin that has an equal probability of landing on heads or tails when flipped.
Fair 6-Sided Die
An unbiased die with six faces, each representing one of the numbers from 1 to 6, with an equal probability of landing on any number.
Equally Likely
A situation or event that has the same probability of occurring as not occurring.
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