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SSC Audit Tax Finance P-II QUESTION #6162
Question 1
Which financial indicator is considered a 'cumulative' measure of management's success in adding value since the firm's inception?
  • Economic Value Added (EVA)
  • Net Income
  • Market Value Added (MVA)✔️
  • Return on Equity (ROE)
Correct Answer Explanation
According to Lesson 03, MVA is a cumulative measure of wealth added to equity capital since inception, whereas EVA is for a specific year.