Which of the Following Is Not a Common Characteristic of Capabilities

question 3

Multiple Choice

Which of the following is not a common characteristic of capabilities?

• A)They are valuable across multiple products or markets
• B)They are tacit
• C)They are easy to reduce to simple algorithms or procedure guides
• D)They are embedded in what Richard Nelson and Sidney Winter call organizational routines - well-honed patterns of performing activities inside an organization
• E)They can persist even though individuals leave the organization

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Definitions:

U.S. Population

The total number of people living in the United States, including all citizens, residents, and immigrants.

Poverty

A situation in which people or groups do not have enough money and basic necessities to meet the bare minimum living standards.

Gini Ratio

An indicator of the level of income distribution unevenness in a society, ranging from 0, which implies equal income for all, to 1, indicating one person possesses all the wealth.

Lorenz Curve

A graphical representation used to show the distribution of income or wealth within a society.