The Sum of the Value Added by All Firms Equals

question 72

Multiple Choice

The sum of the value added by all firms equals total:

• A)profits.
• B)spending on capital goods.
• C)investment spending.
• D)value of final goods and services.

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Definitions:

Reengineer Workflow

The process of analyzing, redesigning, and often simplifying the flow of work within an organization to increase efficiency.

Computer Technology

The use and study of computers and other electronic devices to store, process, and exchange data, significantly impacting society and business operations.

Customer Service

The help and counsel delivered by a firm to customers who acquire or employ its offerings.

Process Reengineering

The systematic analysis of work processes to design new and better ones.