According to Bourgois in "Poverty at Work: Office Work and the Crack

question 16

Multiple Choice

According to Bourgois in "Poverty at Work: Office Work and the Crack Alternative," as reported in the 1990 census,

• A) 78.4 percent of the women living in New York's Spanish Harlem received public assistance.
• B) 48.3 percent of men living in Spanish Harlem were "officially employed."
• C) more than half the Puerto Rican men living in Spanish Harlem sell crack cocaine.
• D) 42.4 percent of Puerto Rican men living in Spanish Harlem have fathered children with women to whom they are not married.

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Definitions:

Fair Market Value

An estimate of the price at which an asset would change hands between willing buyers and sellers in an arms-length transaction.

Book Value

The net value of a company's assets, subtracting liabilities from the total assets, often used to determine a company's worth.

Pac-man Defence

A strategy used by a company facing a hostile takeover attempt, where it turns around to try to acquire the company that initially targeted it.

Counter-offer

A response to an original offer, modifying its terms in hopes of reaching an agreement that's more favorable to the responder.