The Value Chain Is the Sequence of Business Functions in Which

question 63

Multiple Choice

The value chain is the sequence of business functions in which:

• A)value is deducted from the products or services of an organization
• B)value is proportionately added to the products or services of an organization
• C)products and services are evaluated with respect to their value to the supply chain
• D)usefulness is added to the products or services of an organization

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Definitions:

Depreciation Expense

An accounting method that allocates the cost of tangible assets over their useful lives, reflecting the reduction of value over time.

Previously Accrued Wages

These are wages that have been earned by employees but have not yet been paid out by the company.

Operating Income

Earnings generated from a company's regular business operations, excluding deductions of interest and taxes.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in a net profit or loss.