Question

 

 

 

Which of the following would not be part of a value chain for a fast food restaurant?

Multiple Choice

• Buying produce.
• Mopping the floor.
• Refilling the napkin dispensers.
• Hiring new cooks.
• All of the choices are a part of the value chain.

 

Which of the following choices correctly depicts activities that would be included in a manufacturer's value chain?

	Research and Development	Marketing	Distribution
A.	Yes	Yes	No
B.	Yes	No	Yes
C.	Yes	Yes	Yes
D.	No	Yes	No
E.	No	Yes	Yes

Multiple Choice

Choice A.

Choice B.

Choice C.

Choice D.

Choice E.

 

Which of the following is not an element of competency?

Multiple Choice

• To develop appropriate knowledge about a particular subject.
• To perform duties in accordance with relevant laws.
• To perform duties in accordance with relevant technical standards.
• To refrain from engaging in an activity that would discredit the accounting profession.
• To prepare clear reports after an analysis of relevant and reliable information.

Answer 1

Answer:- 12. Value Chain is a process that examine all the activities of a business and add value to the user of an appropriate product. So, the answer is option (e) All of the choices are a part of the value chain.

13.Choice (c) correctly depicts activities that would be included in a manufacturer's value chain. So, the answer is Option (c) Choice C.

19.Element of competency is the unit of competency. The elements are activity or results that could be determined. So, the answer is Option (d) To refrain from engaging in an activity that would discredit the accounting profession.