Which of the Following Does the Author Identify as a Success

question 64

Multiple Choice

Which of the following does the author identify as a success the global economy has achieved in the past 60 years?

• A) School enrollments have more than doubled across the globe.
• B) Infant mortality rates have dropped by more than 60 percent.
• C) A reduction in poverty has meant fewer than one million people across the globe go hungry each day.
• D) Life expectancy in the past century has risen by 50 percent to 78 years.

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Definitions:

Allowance Method

An accounting technique used to account for bad debts by estimating and recording uncollectible accounts receivable.

Outstanding Receivables

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.

Allowance for Doubtful Accounts

A reserve for accounts receivable that may not be collectable, reducing the book value of accounts receivable to a more realistic value.

Cash Loan

A financial agreement where a borrower receives a specific amount of cash from a lender and commits to repaying it over time, along with interest.