Question: 1. A firm's Value Added is the difference between the value of its outputs and the total costs of the inputs purchased by the firm

1. A firm's Value Added is the difference between
1. A firm's Value Added is the difference between the value of its outputs and the total costs of the inputs purchased by the firm to provide these outputs. True False? 2. Short term maximization of profit will lead to long term profit maximization and therefore, to the maximization of a firm's value. True False 3. There are different ways of measuring a firm's profitability. Different measures of profitability are likely to result in very different rankings of the firm's performance True or False? 4. If the managers and all the employees are heralding profit and return to stakeholders as their motivation driver, it is very likely that it will inspire the members of the organization and lead to success. True or False

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