Question

The following activity is value-added: (a) Storage of raw materials. (b) Moving parts from machine to machine. (c) Shaping a piece of metal on a lathe. (d) All of the above.

1) Storage of raw materials.
2) Moving parts from machine to machine.
3) Shaping a piece of metal on a lathe.
4) All of the above.

Answer 1

Value-added activities in manufacturing refer to activities that increase the value of a product during the manufacturing process. Examples include shaping metal on a lathe, moving parts between machines, and storing raw materials.

Step-by-step explanation:

In the context of manufacturing, value-added activities refer to those activities that increase the value of a product during the manufacturing process. These activities involve transforming raw materials into finished goods or adding additional features or enhancements to a product. Examples of value-added activities in manufacturing include shaping a piece of metal on a lathe, moving parts from machine to machine, and storage of raw materials.