Which of the Following Is an Example of Value-Added Time

question 62

Multiple Choice

Which of the following is an example of value-added time?

• A) Processing time
• B) Wait time during inspection
• C) Wait time in inventory
• D) Both B and C

---

Definitions:

Tangible

Something material or concrete that can be touched or physically measured, unlike abstract concepts or ideas.

Intangible

Refers to something that cannot be touched or physically measured, often associated with non-physical assets such as patents, trademarks, and goodwill.

Intermediation Revenue Model

A business model that generates income by serving as an intermediary in transactions between two or more parties.

Brokers

The people who organize transactions between buyers and sellers.