Economic Value Added Is Defined As

question 43

Multiple Choice

Economic value added is defined as:

• A)the same as accounting profit.
• B)total revenue less total explicit costs.
• C)accounting profit net of the minimum return on invested capital demanded by the firm's investors.
• D)the same as economic profit.

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Definitions:

Poverty

A state of economic deprivation or lack of access to sufficient resources and services, such as food, housing, education, and healthcare.

Meritocracy

A system where individuals achieve success or are given opportunities based on their abilities and merits rather than on their social status or background.

Stratification

The hierarchical arrangement and classification of society into different layers based on socioeconomic status, race, ethnicity, or other distinguishing factors.

American Dream

The conviction that, irrespective of one's birthplace or social class, it is possible for individuals to achieve their unique form of success in a community where everyone has the opportunity for upward social movement.