Match the Term with Its Definition

question 107

Multiple Choice

Match the term with its definition.
-Money in the bank as well as securities that can be sold very quickly, such as a government security

• A)accrual-basis accounting
• B)cash
• C)cash-basis accounting
• D)depreciable assets
• E)depreciation expense
• F)financial statements
• G)inventory
• H)liquidity
• I)operating profit margin
• J)return on assets
• K)return on equity

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Definitions:

School Absenteeism

The habitual non-attendance of a student at school without valid justification.

Poverty Level

A federally defined income threshold below which an individual or family is considered to be living in poverty, influenced by factors like household size and composition.

Homeless

Lacking a permanent place of residence.

Economic Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.