The Human Development Index Is a Composite of Three Basic

question 20

Multiple Choice

The human development index is a composite of three basic measures of human welfare.Which of the following is NOT a component of the human development index?

• A) life expectancy
• B) dollars of income
• C) infant mortality rate
• D) years of schooling

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.

Equivalent Units

An approach utilized in process costing to translate partially finished units into an equivalent number of completely finished units.

First-in

A principle often related to inventory valuation where the earliest goods purchased or produced are the first ones to be sold or used.

Conversion

The process of changing resources into finished products, or converting prospects into customers.