Match Each of the Following Terms with Their Correct Description

question 96

Multiple Choice

Match each of the following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-The relationship of activity inputs to activity outputs

• A)Cycle time
• B)Non-value-added
• C)Velocity
• D)Quality
• E)Value-added activities
• F)Efficiency

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Definitions:

Voidable

A situation or agreement that may be legally declared invalid or cancelable by one of the parties involved.

Unilateral Agreement

A unilateral agreement is a contract in which only one party makes a promise or undertakes a performance obligation, while the other party is not legally bound to reciprocate.

Bilateral Agreement

A legally binding contract between two parties or countries involving mutual commitments or trade-offs.

Express Agreement

A contract where the terms and conditions are stated clearly and explicitly, often in written form.