What Is "White Flight

question 63

Multiple Choice

What is "white flight?"

• A) when whites move from the cities and suburbs into rural areas because of crime
• B) when whites move into the South, in response to the movement of African Americans to the North
• C) the movement of African Americans to the North to avoid violent whites in the South
• D) when whites move from cities to suburbia because of school integration
• E) when whites move from rural areas into the suburbs because of lack of infrastructure

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Definitions:

Credit Sale

A transaction in which goods or services are provided to the customer with an agreement to pay later.

Credit Terms

Credit terms are the payment conditions set by suppliers, detailing the period allowed to pay for goods or services purchased on credit, including any discounts for early payment.

Discount Period

The time frame in which a payment can be made at a reduced rate, often related to accounts payable or loan agreements.

General Journal Entry

A record in accounting that shows the debit and credit transactions affecting the financial statements, often used for non-routine and complex transactions.