What Is the Final Step in the Activity Analysis Process

question 8

Multiple Choice

What is the final step in the activity analysis process used to implement Activity Based Management?

• A)Chart,from start to finish,the activities used to complete the product or service.
• B)Classify activities as value-added or non-value-added.
• C)Eliminate non-value-added activities.
• D)Continuously improve and reevaluate the efficiency of value-added activities or replace them with more efficient activities.

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Definitions:

Deductible

An amount that must be paid out of pocket before an insurer will cover any expenses.

Assessed Valuation

A property value determined by a representative of the local or state government.

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.

Tax Rate

The percent used to calculate a tax.