Nonvalue-Adding Activities

question 9

Multiple Choice

Nonvalue-adding activities

• A) are unnecessary activities.
• B) are included in the value chain of activities.
• C) are all wasteful and targeted for elimination.
• D) add cost to a product or service but does not increase its market value

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Definitions:

Condorcet Paradox

A voting paradox in which collective preferences can be cyclic (non-transitive), meaning no clear winner can be determined through majority rule in a pairwise election.

Voting System

A method or set of rules designed to fairly determine the outcome of elections or decisions based on the collective preferences of participants.

Median Voter Theorem

A principle suggesting that the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.

Political Parties

Organizations that seek to attain political power within a government, usually by participating in electoral campaigns and organizing in the pursuit of common political goals.