Identify the Following Activities, for an Automobile Manufacturer, as Either

question 99

Essay

Identify the following activities, for an automobile manufacturer, as either value-adding (V) or nonvalue-adding (NV).
_____
a. Moving products
_____
b. Storing parts
_____
c. Research and development
_____
d. Inventory control
_____
e. Production
_____
_____ f. Customer service
_____ g. Cost accounting
_____ h. Engineering

Understand the concept of marginal cost and its relationship with average costs.

Identify the conditions under which average variable and total costs increase or decrease.

Determine the output level that minimizes average variable costs.

Analyze the impact of changes in production levels on marginal cost.

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Definitions:

Unethical Behaviour

Actions that deviate from accepted moral norms, often harming others or the organization.

Piece-Rate

A pay system in which individual workers are paid a certain sum of money for each unit of production completed.

Lump Sum Bonus

A one-time payment given to an employee as a reward for performance or for completion of a project.

Productivity Restriction

Limitations or constraints that reduce the efficiency or output of work processes, often resulting in decreased organizational performance.