The Finance Minister of a Developing Country Demands a Heavy

question 3

Multiple Choice

The finance minister of a developing country demands a heavy payment for approval of a multi-million dollar contract with a foreign company. This practice would be called _____.

• A) extortion
• B) subornation
• C) lubrication
• D) larceny
• E) malfeasance

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Definitions:

Variance

A statistical measure of dispersion that shows how much values in a data set differ from the mean.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean, used to assess the spread of a data distribution.

Statistics

Calculated numbers that summarize data and relationships among variables in a sample.

Z-score

A numerical measurement that describes a value's relationship to the mean of a group of values, expressed in terms of standard deviations from the mean.