Which of the Following Are Useful Approaches for Identifying Non-Value

question 25

Multiple Choice

Which of the following are useful approaches for identifying non-value added services?
I. Activity-based management
II. Activity-based costing
III. Activity-based buying
IV. Activity-based throughput

• A) I and II
• B) I and III
• C) II and IV
• D) I, II, III, and IV

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Definitions:

Assignee

A person to whom rights or property is legally transferred.

Non Est Factum

Non est factum is a legal defense in contract law that asserts a signed agreement is void because the signer was mistaken about its nature and character.

Negligence

A failure to act with the care that a reasonably prudent person would exercise under the same circumstances, often leading to liability for resulting damages.

Privity of Contract

The principle that a contract confers rights and imposes liabilities only on its parties; no outsider can gain rights or be liable under it.