Which of the Following Is the Most Accurate Description of a Value

question 51

Multiple Choice

Which of the following is the most accurate description of a value network?

• A) A system of partnerships and alliances that a firm creates to source, augment, and deliver its offerings.
• B) A system of organizations and resources involved in moving a product from supplier to customer.
• C) An arrangement whereby an organization transforms inputs into finished goods.
• D) A network that allows an organization take the finished products to the end-users.
• E) A communication network that allows an organization to transfer information to end-customers.

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Definitions:

Loanable Funds

The sum of money available for borrowing, influenced by savings and investments, within an economy at any given time.

National Saving

The total amount of saving in a country, equal to the sum of private and public saving, representing the national income not spent on consumption or government expenditure.

Public Saving

The portion of a government's budget surplus, which is the difference between tax revenues and government spending.

Private Saving

Private saving is the portion of households' and businesses' income that is not spent on consumption or taxes, typically saved for future investment or consumption.