According to Bill Gates,from the World View Article Titled "The

question 43

Multiple Choice

According to Bill Gates,from the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," more than 90 percent of the money devoted to health research is spent on those who

• A)Have malaria.
• B)Are the healthiest.
• C)Live in developing countries.
• D)Are balding.

---

Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from its total revenues, indicating its profitability.

Purchase Returns

Goods returned by the purchaser to the supplier due to defects, excess supply, or other reasons, often resulting in a refund or credit.

Cost of Goods Sold

The direct financial costs required for the manufacture of a company’s products, involving materials and labor expenses.

FIFO

An accounting method for valuing the cost of goods sold that assumes the earliest items purchased are the first to be sold.