Suppose the Members of Population A, Consisting of Al, Bob

question 36

Multiple Choice

Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. What percentage of total income is received by the highest quintile?

• A)50
• B)5
• C)25
• D)20

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Definitions:

Bureaucratic Organization

A structured, formalized organizational form that relies on a fixed hierarchy of authority, formal rules and procedures, and a clear division of labor.

Behavioural Approaches

Methods in psychology and management focusing on understanding and influencing actions of individuals or groups.

Self-Actualizing

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Coordination

The organized arrangement of elements or efforts in a system or activity to ensure harmonious operation and desired outcomes.