When Compensable Factors Are Weighed Using Expert Judgments About the Importance

question 70

Multiple Choice

When compensable factors are weighed using expert judgments about the importance of each factor, a(n) _____ weight is said to be assigned.

• A)statistical
• B)multiple regression
• C)a priori
• D)empirical
• E)factorial

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Definitions:

Perfect Equality Line

In the context of income distribution, a theoretical line indicating equal income or wealth distribution among all participants.

Points

In various contexts, a measurement or scoring method used to quantify achievements, progress, or certain financial transactions, such as credit card rewards.

Income Mobility

Movement of individuals and families either up or down income-distribution rankings when comparisons are made at two different points in time. When substantial income mobility is present, a person’s current position in the rankings will not be a very good indicator of what his or her position will be a few years in the future.

Income Inequality

The uneven distribution of income within a population, leading to disparities between the wealth of different groups.