A Person Is More Likely to Be Poor If He

question 95

Multiple Choice

A person is more likely to be poor if he or she is

• A)African-American or Hispanic rather than white.
• B)a member of a male-headed family rather than a female-headed family.
• C)old rather than young.
• D)all of the above

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Definitions:

Financial Ratios

Quantitative measures derived from a company's financial statements used to evaluate its financial performance and health.

Financial Stability

The condition of having a strong financial foundation, characterized by the ability to withstand economic fluctuations and meet obligations without undue stress.

Operating Efficiency

The effectiveness with which a company utilizes its assets and resources to generate profits and minimize costs without sacrificing quality.

Financial Statements

Formal records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.