Which Report Shows You Information on Your Income and Expenses

question 7

Multiple Choice

Which report shows you information on your income and expenses for a specific period?

• A)Balance Sheet.
• B)Comparative Budget report.
• C)Money-out summary.
• D)Profit and Loss.
• E)None.

---

Definitions:

Economic Development

The method through which a country enhances its residents' economic, political, and social conditions.

Absolute Poverty

A condition characterized by the severe lack of essential resources such as food, water, sanitation, education, and health care.

Extreme Poverty

The situation in which people live on less than $275 a year, or $1.25 a day.

Relative Poverty

A definition of poverty that is set in comparison to a set standard.