Which of the Following Is an Example of a Value-Added

question 42

Multiple Choice

Which of the following is an example of a value-added activity?

• A)supervision of production workers
• B)inspection of products
• C)scheduling of production
• D)All of these are value-added activities.

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Definitions:

Pauper Labor Fallacy

The incorrect belief that importing goods from countries with lower wage levels harms the economy of the importing country.

Opportunity Cost

Giving up the chance for gain from multiple possibilities by choosing a specific alternative.

Wheat

A type of cereal grain that is grown worldwide and is a staple food in many regions, used to make products like bread, pasta, and flour.

Toys

Objects designed for play, typically used by children, that can range from simple handmade items to complex electronic devices.