Value-Added Refers To

question 8

Multiple Choice

Value-added refers to:

• A)the cost of inputs.
• B)the price of outputs.
• C)the difference between cost of inputs and the value or price of outputs.
• D)the extra profit obtained from increased productivity.
• E)the ratio of outputs compared to inputs.

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Definitions:

Number Expressed

A way of representing a quantity or value in terms of digits or symbols.

Thousandths

A fractional part in a series, representing one part out of a thousand.

Hundred-Thousandths

A decimal fraction represented as one part in a hundred thousand, indicating a very small quantity in precise calculations.

Decimal Point

The period between two numerals.