What Is the Practice of Hiring Relatives Called

question 3

Multiple Choice

What is the practice of hiring relatives called?

• A) insourcing
• B) nepotism
• C) favouritism
• D) inbreeding

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Definitions:

Corporate Income

is the total profit that a company generates from its operations, after expenses and taxes are subtracted from total revenue.

Transfer Payments

Payments made by the government to individuals without any expectation of a good or service being provided in return, such as pensions or welfare benefits.

Domestic Output

The overall valuation of all goods and services made within a country's territorial limits within a designated timeframe.

Governmental Purchases

Expenditures made by the government for goods and services that are directly used to provide public services or for government consumption.