Exhibit 2-4

question 61

Multiple Choice

Exhibit 2-4.Students in Professor Smith's Business Statistics course have evaluated the overall effectiveness of the professor's instruction on a five-point scale,where a score of 1 indicates very poor performance and a score of 5 indicates outstanding performance.The raw scores are displayed in the accompanying table: Refer to Exhibit 2-4.What is the most common score given in the evaluations?

• A)2
• B)3
• C)4

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Definitions:

Well-organized Interest Groups

Organizations that coordinate the efforts of members to advocate or lobby for shared interests and goals in the policy-making process.

Rent-seeking Activities

Rent-seeking activities involve individuals or businesses trying to increase their share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.

Legal Structure

The organization of a business as determined by its legal status, such as a sole proprietorship, partnership, corporation, or LLC.

Property Income

Property income refers to earnings one receives from property investments, including rents, dividends, and interest.