Use the Following to Answer Question(s): Income Distribution in the United

question 129

Multiple Choice

Use the following to answer question(s) : Income Distribution in the United States

-Which of the following statements is true?

• A) Noncash benefits provide more satisfaction to recipients than an equal level of cash benefits.
• B) An equal level of cash benefits and noncash benefits provide recipients with the same level of satisfaction.
• C) Cash benefits provide more satisfaction to recipients than an equal level of noncash benefits.
• D) Most welfare aid in the United States is in the form of cash payments.

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Definitions:

Cost of Goods Sold

Costs directly related to creating products that a company offers for sale.

Net Income

The amount of earnings left over after all expenses have been deducted from revenue, indicating the financial profitability of a business.

Gross Profit Method

A technique to estimate the inventory's value by deducting the cost of goods sold from the total sales revenue.