Which of the Following Is a Definition of Value Added

question 198

Multiple Choice

Which of the following is a definition of value added? Revenue received by a firm for its output

• A) minus the cost of all the final goods bought
• B) plus the cost of all the intermediate goods bought
• C) minus the cost of all the intermediate goods bought
• D) minus the cost of all interest payments
• E) plus the cost of all the final goods bought

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Definitions:

Stereotype

A common, yet rigid and simplified perception or conception of a specific kind of individual or object, usually formed from insufficient data.

Hiring

The process of reviewing applications, interviewing candidates, and selecting an individual for employment.

Promotion

The advancement of an employee to a higher job position or rank within the organization, often accompanied by increased responsibilities and salary.

Norm of Reciprocity

A social rule suggesting that people should repay, in kind, what another person has provided for them; this is the basis for the exchange of goods, services, and acts of kindness.