Bob Lives Adequately but Has Little Left Over; He Is

question 42

Multiple Choice

Bob lives adequately but has little left over; he is very involved with his extended family; he feels politically powerless and he did not bother to vote last election. Bob is:

• A) working class.
• B) middle class.
• C) a family man in any class.
• D) politically compromised by his network.

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Definitions:

Decrease in Financial Resources

A reduction in the amount of money, assets, or other financial means available to an individual or organization.

General Fund

A central and primary operating fund of a government, covering general operating expenses and services.

Accounting Records

Documentation and books that record all of the financial transactions of a business.

Property Taxes

Levies imposed by local governments on real estate owners based on the value of their property to fund public services such as schools, roads, and emergency services.