Which of the Following Is an Example of Absolute Poverty

question 69

Multiple Choice

Which of the following is an example of absolute poverty?

• A)A homeless man in tattered clothes begs in the streets for money and food.
• B)A dual-career couple lives in a suburban community and struggles to pay their monthly bills.
• C)A family owns only two luxury automobiles,although their friends and neighbors own three such vehicles.
• D)None of these answers is correct.

---

Definitions:

List Prices

The pre-discount price at which goods and services are listed to be sold to customers.

FOB Destination

This term refers to a shipping agreement where the seller bears the shipping costs and remains responsible for the goods until they are delivered to the buyer's location.

Purchase Discount

A deduction that a buyer receives on the invoice price of a purchase if the payment is made within a specified period.

Prepaid Freight

Costs paid in advance for the transportation of goods, often recorded as an asset on the balance sheet until the service is utilized.