Which of the Following Best Defines the Vicious Circle of Poverty

question 44

Multiple Choice

Which of the following best defines the vicious circle of poverty?

• A) Countries are poor because they cannot afford to save and invest.
• B) Countries are poor because of high population growth.
• C) Countries are poor because of lack of education and training for workers.
• D) Countries are poor because of poor international credit.

Recognize the potential for performance-based assessments to minimize racial and cultural biases.

Understand the importance of environmental assessments and their components.

Understand concepts of social constructions and how they influence perception of behaviors across cultures.

Recognize the importance of socioeconomic status (SES) and how it is determined.

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Definitions:

Inventory Shipped on Consignment

Goods sent by a vendor (consignor) to a consignee, which are held by the consignee until sold; the consignor retains ownership until the goods are sold.

Consignee

The individual or entity that is legally permitted to receive goods but does not have ownership rights over the cargo until the consignment is paid for or sold.

LIFO Cost Flow Assumption

A method in accounting that assumes the last items of inventory purchased are the first ones sold.

Inventory Account

An account in financial accounting that tracks the value of a company's goods intended for sale, including raw materials, work-in-progress, and finished goods.