Which of the Following Is TRUE

question 79

Multiple Choice

Which of the following is TRUE?

• A) Richer countries in the First World generally have high student-teacher ratios.
• B) Many developing countries have no budget for the military and channel all available funds into education.
• C) Literacy rates in Africa are roughly comparable to literacy rates in Europe.
• D) There are typically vast gender differences in literacy within developing countries.
• E) None of the above is true.

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services.

Credit Period

Length of time allowed for payment of goods sold on account.

Discount Period

The time frame in which a payment can be made at a reduced rate.

Contra-revenue Account

An account that offsets revenue accounts on the income statement, such as sales returns, allowances, and discounts.