Which of the Following Is NOT a Reason Why More

question 68

Multiple Choice

Which of the following is NOT a reason why more racial-ethnic families are poor?

• A)During economic recessions they are particularly vulnerable to layoffs.
• B)Most families have smaller cushions of wealth and so extended unemployment takes a bigger toll.
• C)Most racial-ethnic families find it easier to rely on government benefits than look for full-time work.
• D)Many racial-ethnic minorities have lower levels of education.

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Definitions:

Absorption Costing

An approach in financial accounting that wraps all expenses incurred in manufacturing including direct materials, direct labor, and all overhead (variable and fixed), into the product's cost.

Net Operating Income

The total revenue of a business minus its operating expenses, excluding taxes and interest.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, labor, and both variable and fixed overhead - in the cost of a product.

Net Operating Income

An entity’s income after all operating expenses have been deducted from total revenue, excluding taxes and interest charges.