Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A) Because India is a democracy, the quality of life of the population in India is significantly better than in China.
• B) The correlation between human wellbeing and the level of democracy is higher than the correlation between human wellbeing and government effectiveness.
• C) Without substantial administrative capacity, the life situation of citizens will not improve under democracy.

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Definitions:

Inventory

The total amount of goods and materials held in stock by a business, part of the company's current assets.

Seasonal Peaks

Periods within a year marked by a higher than average demand, sales, or activity in certain industries due to seasonal factors.

Temporary Working Capital

Funds a company temporarily needs to cover its short-term obligations.

Permanent Working Capital

The minimum amount of working capital a company needs to sustain its daily operations continuously.