A Farmer Grows Wheat and Sells It to a Bakery

question 141

Multiple Choice

A farmer grows wheat and sells it to a bakery for $5.The bakery uses the wheat to bake bread and sells it to a distributor for $20.The distributor sells the bread to a supermarket for $30,which then sells the bread to customers for $50.Which of the following is true?

• A)The value added by the distributor is $30.
• B)The value added by the supermarket is more than that added by the bakery.
• C)GDP rises by $50 plus the value added at each stage of production.
• D)Counting the value added at each stage instead of counting the final selling price creates a problem of double counting.
• E)The value added by the farmer is $20 because the wheat,which is worth $5,is necessary for each of the three remaining stages of production.

Recognize the significance of computer and information competency for effective decision-making.

Understand how management information systems support organizational functions.

Recognize the impact of information technology on organizational structure and barriers.

Understand the management process of planning, organizing, leading, and controlling and its reliance on information.

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Definitions:

Directive Behaviours

Actions of a leader that provide clear instructions, expectations, and guidance to their subordinates.

Assertive

Characterized by confident and forceful behavior, enabling individuals to express their thoughts, beliefs, and feelings in an honest and direct manner.

Democratic Behaviours

Actions that promote participation, equality, and fair treatment within groups or societies.

Participative

A style or process that involves input, involvement, and collaborative decision-making with all stakeholders or team members.