Which Statement Is Correct

question 54

Multiple Choice

Which statement is correct?

• A) The exact nature of the relationship between poverty and violence is not well understood.
• B) It is quite clear that poverty is the major cause of crime and delinquency.
• C) Poverty does not appear to be a risk factor in the development of crime.
• D) The current research suggests that there is no relationship between poverty and crime.

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Charge Customer

The process of recording or billing a customer for goods sold or services rendered, reflecting an obligation for payment.

Acid Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with quick assets, such as cash, marketable securities, and accounts receivable, without selling inventory.

Acid Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick assets (cash, marketable securities, and receivables).