If You Fall Short of a Certain Minimum Standard of Living

question 133

Multiple Choice

If you fall short of a certain minimum standard of living, you are poor; once you pass this standard, you are no longer poor.This refers to the ____ definition of poverty.

• A)average
• B)absolute
• C)relative
• D)threshold

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.

Flotation Cost

The expenses incurred when a company issues new securities, including underwriting fees, legal fees, and registration fees.

Corporate Tax Rate

The corporate tax rate is the percentage of a corporation's income that is seized by the government as tax.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.