Consider the following statements concerning value chain analysis: 1. It recognises the total life-cycle concept. 2. It analyses the business into a sequence of value-creating activities. 3. Its application is confined to manufacturing businesses. 4. It is closely linked to absorption costing. Which of the above statements are correct?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Consider the following statements concerning value chain analysis:
1. It recognises the total life-cycle concept.
2. It analyses the business into a sequence of value-creating activities.
3. Its application is confined to manufacturing businesses.
4. It is closely linked to absorption costing.
Which of the above statements are correct?
A. 1 and 2
B. 3 and 4
C. 1 and 4
D. 2 and 3
Transcribed Image Text:Consider the following statements concerning value chain analysis: 1. It recognises the total life-cycle concept. 2. It analyses the business into a sequence of value-creating activities. 3. Its application is confined to manufacturing businesses. 4. It is closely linked to absorption costing. Which of the above statements are correct? A. 1 and 2 B. 3 and 4 C. 1 and 4 D. 2 and 3
Which type of quality cost is the cost incurred as a result of staff training on quality issues?
A. Internal failure costs
B. Prevention costs
C. Appraisal costs
D. External failure costs
Transcribed Image Text:Which type of quality cost is the cost incurred as a result of staff training on quality issues? A. Internal failure costs B. Prevention costs C. Appraisal costs D. External failure costs
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