In 2011, the Census Bureau Introduced an Alternate Poverty Measure

question 4

Multiple Choice

In 2011, the Census Bureau introduced an alternate poverty measure that is based on:

• A)the price of food and adjusts for geographic differences in the cost of living.
• B)the prices of food, clothing, shelter, and utilities and adjusts for geographic differences in the cost of living.
• C)the price of housing and adjusts for geographic differences in the cost of living.
• D)the average income of the lowest quartile of income earners.

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Definitions:

Franchisee

A franchisee is an individual or company that holds the right to use a franchisor's business model and brand for a prescribed period of time, typically paying a royalty and initial fee for the right to do business under the franchisor's name and system.

Direct Ownership System

A system where assets are directly owned by individuals or entities, allowing for complete control and management of those assets.

Control

The process of monitoring activities to ensure they are being accomplished as planned and correcting any significant deviations.

Quality Levels

The standards or benchmarks set to measure the overall excellence or effectiveness of a product, service, or process.