Which of the Following Statements Is True

question 61

Multiple Choice

Which of the following statements is true?

• A)Some degree of income inequality is due to the fact that individuals are innately different and make different choices.
• B)No portion of income inequality is due to good or bad luck.
• C)People who agree on the factors that cause income inequality also  are in agreement about the importance of the different factors.
• D)No portion of income inequality is due to differences in innate abilities.

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Definitions:

Replacement Price

The current cost of replacing an asset or inventory with a similar item.

Income-Sharing Ratio

The predetermined formula used among business partners or within an organization to divide profits or losses among stakeholders.

Revenue Per Employee

A measure of the efficiency of the business in generating revenues, which is computed as revenue divided by number of employees.

LLC Members

Individuals or entities that own a portion of a Limited Liability Company (LLC) and have rights and responsibilities as outlined in the LLC's operating agreement.