Fairness of Output and Income Distribution Is Known As

question 15

Multiple Choice

Fairness of output and income distribution is known as:

• A) equity.
• B) efficiency.
• C) effectiveness.
• D) scarcity.

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Definitions:

Ledger Balance

The total balance in a ledger account at a particular point in time, reflecting all transactions up to that moment.

Available Balance

The amount of funds in a checking or savings account that is accessible for immediate use, taking into account any pending transactions.

Net Collection Float

Net collection float refers to the difference in time between when a check is deposited into a bank account and when the funds are available for use, affecting a company's cash flow.

Net Float

The difference between checks written against and deposited in an account, which affects the balance available in the account.