Administrative Functions Are notincluded as Part of the Value Chain

question 5

True/False

Administrative functions are notincluded as part of the value chain because they are implicitly included in every business function.

---

Definitions:

Liable for Payment

Being legally responsible for the settlement of a debt or financial obligation, typically as a consequence of a contract or law.

Consent

The voluntary agreement to or approval of what is done or proposed by another; can be given explicitly or implicitly.

Assign a Mortgage

The transfer of a mortgage from one party to another, changing the lender or creditor while the borrower remains the same.

Partial Discharges

The release or forgiveness of a portion of a debt or obligation, without fully extinguishing the entire obligation.