Inequity Exists When One Person's Ratio of Inputs to Outputs

question 105

True/False

Inequity exists when one person's ratio of inputs to outputs is different than the ratio of a comparison person.

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Definitions:

Financial Assets

Resources having economic value that are held by an individual or corporation, primarily including stocks, bonds, and cash equivalents.

Entrepreneur

A profit-seeking decision maker who starts with an idea, organizes an enterprise to bring that idea to life, and assumes the risk of the operation

Profit

Reward for entrepreneurial ability; sales revenue minus resource cost.

Tangible

Refers to physical assets or goods that can be seen, touched, and valued, as opposed to intangible assets like intellectual property.