9) Value-engineering is accomplished by eliminating, reducing, or simplifying all non-value added activities, and examining whether value-added activities could be improved.
10) The movement of parts is considered a value-added activity
11) The storage of raw materials is considered a non-value-added activity
12) Inspection is considered a value-added activity
13) Value-added activities can be described as activities for which the customer is willing to pay.
14) Waste activities is another name for value-added activities.
15) Non-value-added activities
are activities that neither enhance the customer's image of the product or service nor provide a competitive advantage.
16) Value-added activities are activities that could be reduced or removed from the process with no ill effect on the end product or service.
17) Non-value-added activities are:
A) also called waste activities.
B) activities that neither enhance the customer's image of the product or service nor provide a competitive advantage.
C) activities that could be reduced or removed from the process with no ill effect on the end product or service.
D) all of the above.
18) The benefits of using the ABC costing system are higher if the company:
A) has high indirect costs.
B) produces many different products that use differing amounts of resources.
C) produces only one product.
D) has high indirect costs and produces many different products that use differing amounts of resources.