Scenario 12-1 CANOES-R-US Makes Canoes. It Buys the Shell of the Canoe

question 208

Multiple Choice

Scenario 12-1
CANOES-R-US makes canoes. It buys the shell of the canoe from another local firm for $300 and uses its labor and intermediate goods to make the canoe. It sells the finished canoe to a retail canoe store for $800. The retail canoe store then sells the canoe to a consumer for $1,200.
-Refer to Scenario 12-1.The value added of CANOES-R-US for each canoe equals

• A) $1,200.
• B) $800.
• C) $500.
• D) $400.

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Definitions:

High Self-Esteem

A positive evaluation of oneself, characterized by feelings of self-worth and confidence in one's abilities.

Genuineness

Genuineness is the quality of being authentic, honest, and sincere in one's interactions with others.

Defense Mechanisms

Psychological strategies brought into play by individuals to cope with reality and to maintain self-image.

Displacement

In psychoanalytic theory, a defense mechanism where an individual redirects emotional impulses from a real object to a substitute object.