The Sum of the Value Added at All Stages of Production

question 184

Multiple Choice

The sum of the value added at all stages of production for a product is

• A) the product's final price.
• B) the product's price plus the value of intermediate goods.
• C) the product's price minus the value of intermediate goods.
• D) the sum of all the transactions in the production of the product.

---

Definitions:

For-Profit Corporation

A type of organization that is intended to operate with the goal of making a profit for its shareholders.

Owners

Individuals or entities that hold the legal right or title to property, assets, or intellectual property.

Not-For-Profit Corporation

A type of legal entity organized for purposes other than generating profit. Any surplus revenues are used to further its objectives rather than distributed to shareholders.

Surplus Revenue

the amount of income that exceeds the total cost of operations, often discussed in the context of businesses and government budgets.