The Value Added by a Firm Is Defined As

question 119

Multiple Choice

The value added by a firm is defined as:

• A)the sum of all income earned by the workers in the firm.
• B)the firm's actual investment minus planned investment.
• C)the value of the product manufactured by the firm plus the transaction costs incurred by the firm.
• D)the value of the firm's product minus the cost of materials it bought from other firms.
• E)the increase in the value of the firm's stock or bond.

---

Definitions:

Mensheviks

A faction within the Russian socialist movement that emerged in 1903, advocating for a democratic and gradual approach to socialism, in contrast to the Bolsheviks.

Bourgeois Revolution

A social and political upheaval driven by the bourgeoisie to overthrow feudalism and establish capitalist society structures.

Proletarian Revolution

A proletarian revolution refers to the overthrow of the capitalist system by the working class, aimed at establishing a classless society where the means of production are owned and controlled communally.

Tsarina Alexandra

The last Empress of Russia, wife of Tsar Nicholas II, known for her influence on the Russian monarchy and its downfall.