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1) Discuss the significance and differences of value-added and non-value added activites. 2) What is MCE? Discuss its significance and the steps a manager would

1) Discuss the significance and differences of value-added and non-value added activites. 2) What is MCE? Discuss its significance and the steps a manager would take to improve the results. 3) Define the ABC process. Discuss the two-step allocation process of ABC. 4) Discuss the elements of efficiency and effectiveness.

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