Which of the Following Statements Is Not Correct

question 116

Multiple Choice

Which of the following statements is not correct?

• A) When most Americans picture child labor,they think of young children working in factories.In fact,many young children in poor countries work on family farms.
• B) Many young children work in poor countries rather than attend school because education is not valued in those countries.
• C) An increase in income for families in poor countries is often associated with an increase in the number of children attending school.
• D) In the past,most policies aimed at deterring child labor focused on educating the parents about why their children should not work.

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Definitions:

Debt Covenants

Restrictions lenders put on borrowing agreements to preserve their interests by restricting certain actions of the borrower.

Accounting Changes

Modifications in an entity's accounting principles, estimations, or reporting entity that necessitate restatements or disclosures in financial statements to reflect these changes accurately.

Fixed Charge Coverage

A financial ratio that measures a company's ability to cover its fixed charges, such as interest and lease expenses, with its earnings before interest, taxes, depreciation, and amortization (EBITDA).

Dividends

Dividends are portions of a company's earnings paid out to shareholders as a reward for their investment.