The "Functional Distribution of Income" Refers to the Distribution of Income

question 51

Multiple Choice

The "functional distribution of income" refers to the distribution of income

• A)among the various social classes.
• B)among the major factors of production.
• C)among the industrial nations.
• D)between the government and the factors of production.
• E)between the various economic sectors of a country.

---

Definitions:

Standard Specification

Detailed and precise criteria set to describe the quality, material, and performance requirements of products, services, or processes.

Universal Specification

A set of guidelines or criteria designed to be applicable across a wide range of products, services, or industries.

Capital Assets

Long-term assets acquired or owned by a business or corporation that are used in the production of goods or services and are not expected to be consumed or converted into cash within a year.

Organization Operations

The day-to-day activities and tasks that a company or organization undertakes to accomplish its business goals and objectives.