The Poverty Line Is Described by Which of the Following

question 7

Multiple Choice

The poverty line is described by which of the following?

• A) It is a dollar figure. When a household income is equal to or less than this figure, the household is not considered to be poor.
• B) It is a dollar figure above which a household's income is considered to be in the poor category.
• C) In 2010 in the United States, the poverty line for a family of four was an income of $22,314.
• D) The poverty line is the same for all family sizes.

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Definitions:

Notes Payable

Financial obligations represented by promissory notes, which require the payer to repay the debt within a specified timeframe.

Asset Utilization Ratio

A metric that measures how efficiently a firm uses its assets to generate sales or revenue.

Net Income

The remainder income for a company once it has accounted for all expenditures and tax payments from its earnings.

Sales

Transactions involving the exchange of goods or services for money or equivalent rewards.