The Gini Coefficient for Algeria Is About 0

question 19

Multiple Choice

The Gini coefficient for Algeria is about 0.4. How would this number be shown on a Lorenz curve?

• A) It cannot be shown; the Lorenz curve and the Gini coefficient are alternative ways of measuring inequality.
• B) The area between the Lorenz curve and the line of absolute equality is 40 percent of the total area under the line of equality.
• C) The area between the Lorenz curve and the x-axis is 40 percent of the total area below the line of equality.
• D) The length of the Lorenz curve is 40 percent longer than the line of equality.

Grasp the principles and benefits of Collaborative, Planning, Forecasting, and Replenishment (CPFR) in supply chains.

Recognize the importance of collaboration, cooperation, and trust in enhancing supply chain performance.

Understand the bullwhip effect and its relation to coordination issues within supply chains.

Identify the different forms of collaboration in supply chain practices.

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Definitions:

Bananas

A long, curved fruit with a soft, edible inner part and a yellow skin when ripe, commonly eaten as a snack or used in cooking and baking.

Utility Function

In economics, a representation of preferences over a set of goods and services by assigning values, indicating the level of satisfaction or utility derived from them.

Nuts

Edible seeds enclosed in a hard shell, often used as a source of nutrients and energy.

Berries

Small, pulpy, and often edible fruits, typically consumed fresh, frozen, or in various prepared foods and beverages.