Which of the Following Statements About Sweatshop Labor Is Correct

question 20

Multiple Choice

Which of the following statements about sweatshop labor is correct?

• A)Sweatshop labor has been eliminated in Europe and America.
• B)Sweatshop laborers are rarely subject to psychological or verbal abuse.
• C)Western economists agree that sweatshops are generally good for developing countries,even though the conditions are challenging.
• D)America and European nations made extensive use of sweatshop labor in the past.
• E)Western economists agree that most attempts to end sweatshop labor harm the very people they are aimed at helping.

---

Definitions:

Net Income

The total profit remaining after all expenses, taxes, and costs have been subtracted from total revenue, indicating the financial performance of a company over a specified period.

Cash Flows

This term describes the total amount of money being transferred into and out of a business, particularly in terms of liquid assets.

Operating Activities

Business actions directly related to the production and delivery of goods and services, generating revenue.

Comparative Balance Sheets

Side-by-side financial statements that compare a company's balance sheets at different points in time, typically to analyze trends or changes in financial position.