Recovery Efforts in New Orleans Resulted in Thousands of Poor

question 14

Multiple Choice

Recovery efforts in New Orleans resulted in thousands of poor blacks leaving the city. The inequality of recovery:

• A) Was a new racism imposed following the hurricane.
• B) Relied on a military presence in the city for forced removal.
• C) Built on pre-existing inequalities in the city.
• D) Could not have been avoided, since the disaster was unexpected.

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Definitions:

Unearned Revenues

Money received for services or products that have yet to be delivered or performed; recognized as a liability until the revenue is earned.

Liability Account

An account on a company's balance sheet that represents debts or obligations that the business needs to pay off in the future.

Related Revenue

The income generated from activities that are directly related to the main business operations.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded, to be recognized in the accounting period they are incurred.