Value Added Is Defined As

question 84

Multiple Choice

Value added is defined as:

• A) the value of productivity gains that arise when a firm increases its capital-labor ratio.
• B) the difference between the total cost of production of a product and the total revenues earned from the sale of the product.
• C) the amount by which the value of a firm's final output exceeds the total value of the intermediate goods and services used to produce the good.
• D) the cost savings that a firm enjoys when it reduces the cost of its resources by employing a more efficient production method.

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Definitions:

Imposing Solutions

The act of enforcing specific solutions or methods without considering input or alternatives from others, often leading to resistance or conflict.

Acquiring Power

The process of gaining authority, influence, or control within an organization or over others.

Command-and-Control Style

A leadership approach characterized by strict authoritative directives and close supervision, with little input from subordinates.

Participative Leadership

A leadership style where decision-making is shared among group members, encouraging collaboration and team involvement.