"Value Added" Refers To

question 23

Multiple Choice

"Value added" refers to:

• A)any increase in GDP that has been adjusted for negative environmental effects
• B)the excess of a country's exports over its imports
• C)the excess of gross investment over net investment
• D)the difference between GDP and GNI
• E)the difference between the value of a business's output and the value of the resources that it has purchased from others

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Definitions:

Staffing

The process of hiring, positioning, and overseeing employees in an organization.

Functional Department

A specific division within an organization that focuses on a particular set of tasks or goals, such as finance, marketing, or human resources.

Higher-level Goals

Objectives that focus on broader, long-term achievements and strategic outcomes.

Aligning Employees

The process of ensuring that an organization's workforce shares and works towards its strategic goals, usually through clear communication and engagement strategies.