Poor Children Repeat Grades and Drop Out of High School

question 20

Multiple Choice

Poor children repeat grades and drop out of high school __________ as their non-poor peers.

• A)at half the rate
• B)at about the same rate
• C)at more than double the rate
• D)at more than four times the rate

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Definitions:

Operating Cycles

The period of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from the sales.

Cost of Goods Sold

The immediate expenses related to the manufacture of goods a company sells, which includes materials and labor.

Freight-In

The cost associated with transporting goods into a place of business, usually considered part of the inventory cost.

Credit Sales

Transactions where goods or services are sold by a business and payment is received at a later date.