A Firm's Value Added Can Be Measured as the Value

question 7

Multiple Choice

A firm's value added can be measured as the value of its

• A) profits.
• B) purchases of inputs from other firms.
• C) total sales.
• D) total sales, less purchases from other firms.

---

Definitions:

Effective Functioning

The ability of an individual or organization to operate in a manner that achieves stipulated goals efficiently and effectively.

Team

A group of individuals working together to achieve a common goal.

Facilitator Role

A position or role taken on by someone to guide a group in a process or activity, ensuring effective communication and progress toward objectives.

Meetings

Gatherings or assemblies of people, typically working in a professional context, where participants discuss, decide, or collaborate on certain topics or projects.