Activity-Based Management Attempts to

question 140

Multiple Choice

Activity-based management attempts to

• A)identify and eliminate all unnecessary activities.
• B)increase the efficiency of necessary activities.
• C)add new activities that increase value.
• D)all of these.

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Definitions:

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Security Interest

A legal claim or lien on collateral (property or assets) granted to secure the performance of an obligation, usually repayment of a debt.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services to individuals and businesses.

Negotiable

Capable of being transferred or assigned to another party in return for value received; often used in reference to financial instruments.