The Measure of Poverty That Includes Life Expectancy, Literacy Rates

question 10

Multiple Choice

The measure of poverty that includes life expectancy, literacy rates, and years of schooling is known as the

• A) per capita GDP.
• B) Gini Coefficient.
• C) gender development index.
• D) Human Development Index.

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Definitions:

Dissolved

The process of legally dissolving a corporation or partnership, effectively ending its existence.

Close Corporation

A business structure characterized by a small number of shareholders, no need for formal board meetings, and less stringent regulatory requirements.

Managerial Control

A theory of corporate management that favors insulating managers from shareholders by limiting the shareholders’ power to vote and by making it difficult for the shareholder to sue managers.

Outstanding Shares

Represents the total number of shares of a corporation's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.