The Basic Argument for Income Inequality Is That

question 16

Multiple Choice

The basic argument for income inequality is that:

• A)the very rich establish consumption patterns that are desirable for all of society
• B)political power is unequally distributed and it is logical that economic power be similarly distributed
• C)some income inequality is essential to maintain incentives to produce
• D)inequality undermines incentives and tends to reduce the size of the national income
• E)some poverty is useful in any society

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Definitions:

Organisational Structure

Organisational structure is a system of tasks, workflows, reporting relationships and communication links.

Communication Channels

The mediums through which information is transmitted from a sender to a receiver, such as emails, phone calls, and social media.

Workflows

The sequence of processes through which a piece of work passes from initiation to completion in an organizational setting.

Organisation Structure

The arrangement of roles, responsibilities, and relationships within an organization, defining how activities are directed towards achieving its goals.