Which of the Following Best Explains 'Concern Guarantee

question 19

Multiple Choice

Which of the following best explains 'concern guarantee'? 

• A) Guarantee issue by supplier. 
• B) Guarantee issued by the bank of the supplier. 
• C) Holding company secures payment for agreed sum in case business unit fails to make payments. 
• D) Business unit guarantees to pay holding company.

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Definitions:

Economic Efficiency

A measure of how well resources are utilized and allocated to maximize productivity and meet the needs and wants of society.

Quintile Distribution

The division of a population or dataset into five equal groups or parts, often used in economic studies to analyze income or wealth distribution.

Before-Tax Household Income

The total income earned by a household before any taxes are deducted.

Greater Inequality

Refers to an increase in the unequal distribution of resources, wealth, or opportunities within a society or between different societies.