Which of the Following Statements Is FALSE

question 49

Multiple Choice

Which of the following statements is FALSE?

• A)20% of elderly households receive Social Security as their only source of income
• B)Approximately 90% of elderly households receive Social Security benefits
• C)Just under 30% of elderly households receive private pension benefits
• D)For nearly two thirds of elderly households,Social Security represents more than 50% of total income
• E)None of the abovE.All are true

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Definitions:

Working Capital

This denotes a financial metric highlighting a company’s short-term financial health, specifically its ability to cover short-term liabilities with its short-term assets.

Straight-Line Depreciation

A method for distributing the financial commitment of a physical asset over its operational life in uniform yearly figures.

Capital Budgeting

The process by which a business evaluates and selects long-term investments based on their potential to generate net cash flows over time.

After-Tax Discount Rate

The rate used to discount future cash flows to their present value after accounting for taxes.