Which Term Reflects Increasing the Efficiency of Necessary Activities by Using

question 122

Multiple Choice

Which term reflects increasing the efficiency of necessary activities by using economies of scale?

• A) activity sharing
• B) activity selection
• C) activity elimination
• D) activity management

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Definitions:

Fair Value

The obtainable price for liquidating an asset or the charge to shift a liability in a planned engagement with market operatives at the time of determining value.

Investment Account Balance

The total value of all the investments held in an investor's account, including stocks, bonds, mutual funds, and other assets.

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but not full control.