The Legal Entity Is

question 16

Multiple Choice

The legal entity is:

• A) sole trader.
• B) company.
• C) partnership.
• D) all of the above.

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Definitions:

Lorenz Curve

A graphical representation of income inequality within a population.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of society experiencing poverty.

Income Distribution

The way in which a country’s total income is divided among its population, affecting economic equity and standard of living.

Gini Ratio

is a measure of income inequality within a population, ranging from 0 to 1, where 0 signifies perfect equality and 1 reflects absolute inequality.