The Table Given Below Reports the Value of Sales at Each

question 55

Multiple Choice

The table given below reports the value of sales at each stage of production of an economics book.
Table 5.1
$\begin{array}{c}\text { The Production of an Economics Book }\\\begin{array}{|l|c|}\hline {\text { Production Stage }} & \text { Sales Value } \\\hline \text { Purchase of Timber } & \$ 1.25 \\\hline \text { Processing of Timber into Paper } & \$ 7.75 \\\hline \text { Printing } & \$ 24.50 \\\hline \text { Retail Sales of Economics Book } & \$ 38.00 \\\hline\end{array}\end{array}$
-Refer to Table 5.1. What is the value-added by processing timber into paper?

• A) $6.50
• B) $38
• C) $7.75
• D) $1.25
• E) $24.50

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Definitions:

Ethical Theory

An area within philosophy dedicated to structuring, advocating for, and guiding ideas of moral and immoral conduct.

Rules

Prescribed guidelines or directives designed to regulate behaviors or processes within a specific context or organization.

Ethical Climate

The shared perception of what is ethically correct behavior and how ethical issues should be handled in an organization.

Ethics

The branch of knowledge that deals with moral principles, dictating what is good for individuals and society and establishing the nature of duties that people owe to themselves and each other.