All of the Following Contribute to Income Inequality EXCEPT

question 15

Multiple Choice

All of the following contribute to income inequality EXCEPT

• A) differences in education and training.
• B) differences in job tastes.
• C) differences in talent.
• D) government transfer programs.

---

Definitions:

Defective Merchandise

Goods that are flawed or fail to meet quality standards or specifications, often leading to returns or exchanges.

Single-Step Income Statement

An income statement format that totals revenues, subtracts expenses to find the bottom line, simplifying the presentation of net income.

Cost of Goods Sold

Costs that are directly associated with the manufacture of products a company offers for sale, including the expenses for labor and materials.

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period.