What Are Colonias

question 66

Multiple Choice

What are colonias?

• A) Impoverished housing settlements often without running water or sewage systems
• B) Elite gated communities for the wealthy and powerful
• C) Colonies of Texas expatriates in other nations
• D) Cities contained within giant geodesic domes
• E) Gentrified communities populated by millennials

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Definitions:

Contingent Liability

A potential obligation that may be incurred depending on the outcome of a future event or set of circumstances.

Net Income

The net income of a business once all deductions including expenses, taxes, and other costs are taken from the total earnings.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.

Net Income

The total profit or loss of a business after all expenses, including taxes and interest, have been deducted from revenue.