The Sum of Value Added

question 122

Multiple Choice

The sum of value added

• A)Measures the intangible quality of goods and services produced in the economy.
• B)Equals the sum of the value of intermediate goods.
• C)Is one way to compute the GDP.
• D)Equals net domestic product.

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Definitions:

Application

A rephrased definition: Programs or software designed to fulfill particular purposes for the user.

Cold Site

A backup facility that is kept in reserve, equipped with infrastructure but without active hardware or software until needed.

Risk Transference

A risk management technique where the potential impact of a risk event is shifted from one party to another, often involving insurance or contracts.

Home's Security

Refers to the measures and systems implemented to protect a residential property and its inhabitants from unauthorized access and other threats.