Which Statement About the Changing Diversity in the United States

question 44

Multiple Choice

Which statement about the changing diversity in the United States is TRUE?

• A) Minorities now represent almost half of the population in the United States.
• B) In spite of increases in the Hispanic population,Hispanic buying power is expected to maintain its current level.
• C) Hispanics differ vastly from other groups in America in terms of consumer behavior.
• D) African American U.S.households are more affluent than previous studies suggested.
• E) Asian Americans are the slowest growing minority population.

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Definitions:

Accounts Payable

Liabilities to creditors for goods, supplies, or services purchased on credit but not yet paid.

Subsidiary Ledgers

Detailed ledgers that break down and provide supporting information for accounts listed in the general ledger.

Subsidiary Posting

A detailed entry process in accounting that involves recording transactions in subsidiary ledgers for a more comprehensive financial tracking.

General Ledger

A comprehensive record of all financial transactions over the life of a company, used to compile financial statements.