Non-value-added activity Definition:
An activity that consumes resources or takes time but that does not add value for which customers are willing to pay.
Other Related Accounting Articles:
- The Use of Net Present Value(NPV) Method in Capital Budgeting Decisions – Discounted Cash Flows
- Net Present Value (NPV) Method Versus Internal Rate of Return (IRR) Method
- Net Present Value Method – Comparing Competing Investment Projects
- Net Present Value Definition
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