Which of the Following Is Not Correct

question 168

Multiple Choice

Which of the following is not correct?

• A)Poverty is long-term problem for relatively few families.
• B)Measurements of income inequality usually do not include in-kind transfers.
• C)Measurements of income inequality use lifetime incomes rather than annual incomes.
• D)Measurements of income inequality would be more meaningful if they reflected permanent rather than current income.

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Definitions:

Expected Monetary Value

A quantified financial analysis technique used to predict the overall outcome of a decision under uncertainty by multiplying possible outcomes by their probabilities and summing those values.

Supplier Diversification

The strategy of sourcing materials or products from a variety of suppliers to reduce risk and increase reliability in the supply chain.

Lowest Bid

In procurement and auctions, the smallest price offer received to perform a job or provide goods.

Suppliers

Entities that provide goods or services to another organization, typically within a supply chain or business context.