Those Activities That Consume Resources but Do $\textbf{ not }$

question 68

Multiple Choice

Those activities that consume resources but do $\textbf{ not }$ contribute to the value of the product are referred as

• A)Contribution activities.
• B)Non-value-added activities.
• C)Manufacturing overhead.
• D)Period costs.

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Definitions:

Recognition Heuristics

A cognitive shortcut where a decision is made based on the recognition or familiarity of an option rather than on a detailed comparison or analysis.

Hardwired Heuristics

Innate or instinctual mental shortcuts that humans use to make decisions or solve problems efficiently.

Dictator Games

A type of economic experiment where one participant (the "dictator") determines how to split an endowment between themselves and another participant, with no repercussions or rewards for their choice.

Ultimatum Games

A game in experimental economics, where a proposer has to decide how to divide a certain amount of money with a responder, who can accept or reject the offer.