Value Added Can Be Defined As

question 36

Multiple Choice

Value added can be defined as:

• A)The difference between sales and expenses
• B)The difference between the sales value of a firm's output and the cost of physical inputs used to produce that output*
• C)The difference between the sales value of a firm's output and the direct costs of producing it
• D)EBITDA (earnings before interest,tax,depreciation,and amortization)

Understand how strong cultures impact organizational values and performance objectives.

Acknowledge the role of diversity and value-based management in shaping organizational culture.

Understand the concept and importance of diversity in the workplace.

Recognize the role of managers in fostering value-based management and inclusive organizational cultures.

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Definitions:

Income Distribution

The way in which total income is shared among the owners of different factors of production and across various participants in the economy.

World War II

A global conflict that occurred from 1939 to 1945, involving most of the world's nations and resulting in significant political, social, and economic changes.

Welfare Program

Governmental provision of economic assistance to persons in need.

U.S. Government

The federal government of the United States, comprising the executive, legislative, and judicial branches.