The Graph Shown Displays the Lorenz Curve for a Society

question 1

Multiple Choice

The graph shown displays the Lorenz curve for a society. If area A is equal to 3,100 and area B is equal to 1,900, what is the Gini coefficient?

• A)1.22
• B)0.62
• C)0.38
• D)1.63

Formulate strategies to manage working capital effectively.

Understand the importance and application of dynamic testing in multicultural settings.

Grasp the concepts of standardization and its significance in psychological testing.

Recognize the limitations of conventional intelligence tests in measuring diverse forms of intelligence across cultures.

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Definitions:

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Year 2

Refers to the second year of a project, company's fiscal year, or any specified time period.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are turned over during a period.

Average Sale Period

The average amount of time it takes for a business to sell its inventory, also known as inventory turnover period.