Which Statement Is NOT True About Wealth Being a Determinant

question 76

Multiple Choice

Which statement is NOT true about wealth being a determinant of individual well-being?

• A) There is hardly any correlation between national wealth and well-being.
• B) In nations that reach $20 GDP per person, higher levels of national wealth were not predictive of increased well-being.
• C) Where low income threatens basic needs, being relatively well-off does predict greater well-being.
• D) In affluent countries people with money perceive more control over their lives.

---

Definitions:

Current Assets

Current Assets are assets that a company expects to convert to cash or use within one year, including cash, inventory, and accounts receivable.

Current Ratio

A financial ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets, providing a snapshot of financial health.

Short-Term Debt Paying Ability

Measures a company's capacity to meet its short-term obligations using its current assets.

Receivables Turnover

A financial metric that measures how efficiently a company collects cash from its credit sales by dividing credit sales by the average accounts receivable.