Which of the Following Does the Term "Underclass" Refer To

question 53

Multiple Choice

Which of the following does the term "underclass" refer to?

• A) people who are the first members of their family to go to university
• B) people who live in persistent poverty
• C) people who are under age 18 and live in poor households
• D) people who are employed in illegal occupations

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Definitions:

Post. Ref. Column

Short for Posting Reference Column, it's used in journal entries to indicate where data is transferred in the ledger.

General Journal

A primary accounting record where financial transactions are initially recorded in chronological order.

Ledger

A comprehensive collection of a company's accounts, including assets, liabilities, equity, revenue, and expenses, used for tracking financial transactions.

Debit Side

The left-hand side of a ledger account, recording increases in assets or expenses and decreases in liabilities or equity.