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:

Social Loafing

Social loafing is a phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work individually.

Fundamental Attribution Error

A bias towards attributing others' actions more to their personal qualities than to the context they are in.

Dispositional Factors

Personality attributes or traits that influence an individual's behavior or attitudes in various situations.

Situational Constraints

External factors that limit or influence an individual's ability to perform or behave in a certain way.