A Business Buys $5,000 Worth of Inputs from Other fiRms

question 74

Multiple Choice

A business buys $5,000 worth of inputs from other firms in order to produce a product. The business makes 100 units of the product and each of them sells for $65. The value added by the
Business to these products is

• A) $5,000.
• B) $6,500.
• C) $1,500.
• D) $1,000.

Understand how to use financial information to calculate ratios concerning the short-term financial stability of a company, such as the current and acid-test ratios.

Gain insight into the implications of financial decision-making and its impact on company profitability and solvency through analysis of financial data and ratios.

Understand the fundamental components and measures of international trade.

Identify key organizations and agreements that govern international trade.

---

Definitions:

Intracellular Thirst

A condition where cells lack water, leading to a physiological drive to drink fluids in order to hydrate at a cellular level.

Extracellular Thirst

A type of thirst caused by the reduction of the volume of the fluid found outside cells, often due to loss of blood or salt intake.

Abraham Maslow

A renowned American psychologist who is primarily recognized for establishing the hierarchy of needs according to Maslow, which is a concept of psychological well-being based on satisfying inherent human necessities in a specific order, ultimately leading to self-actualization.

Hierarchy Of Needs

A motivational theory in psychology comprising a five-tier model of human needs, from basic physiological needs to self-actualization.