Accounting Dictionary - Letter N

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Nonvalue-added activity
increases time spent on a product or service but does not increase the product or service's worth to a customer. Examples of nonvalue-added activities include reworking goods, inspecting goods, and equipment maintenance. Nonvalue-added activities, in addition to inefficient performance of value-added activities, cause nonvalue-added costs.
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