The Concept of Value Added Refers to the

question 89

Multiple Choice

The concept of value added refers to the

• A) increase in the value of a product that occurs at each stage of production.
• B) amount subtracted from the value of the goods because of inflation.
• C) total value of all intermediate goods used in the production of the final good.
• D) amount paid in the final sale of a product or service.
• E) amount subtracted from the value of resources because of depreciation.

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Definitions:

Simple

Easily understood or done; presenting no difficulty.

Conditioned

A learned response to a previously neutral stimulus through repeated pairings with a stimulus that naturally elicits a response.

Complex Attitude

An attitude that is composed of multiple elements including cognitive, affective, and behavioral components, reflecting a multifaceted view.

Accessible

Easily reached, entered, used, or obtained; user-friendly.