Which of the Following Is an Example of Downward Mobility

question 34

Multiple Choice

Which of the following is an example of downward mobility?

• A) Danisha, who was just fired from his job at Wells Fargo bank.
• B) George, who stopped receiving welfare payments after getting hired at a shoe store.
• C) Harel, who took a leave of absence to care for his ill parents.
• D) Jane, who was raised in a middle-class household and now works at a grocery store full time.

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Definitions:

Residual Value

The estimated salvage value or end-of-useful life value of an asset after all depreciation has been deducted.

Net Cash Flow

The amount of cash generated or used by a company in a specific period, calculated as cash received minus cash spent.

Operating Income

Profit realized from a business's core operations, excluding deductions of interest and taxes.

Cash Payback

A method used to evaluate the investment efficiency or the time period required to recoup the cost of an investment in cash flows.