Which of the Following Statements About African American Buying Patterns

question 357

Multiple Choice

Which of the following statements about African American buying patterns is most accurate?

• A)African Americans spend more on products for women and girls, especially in terms of clothing.
• B)There are significant differences between the buying patterns of African Americans and Caucasians of similar socioeconomic status.
• C)African Americans are not price conscious but are strongly motivated by quality and choice.
• D)Adult African Americans spend half as much on online services than Caucasians.
• E)When socioeconomic status differences between African Americans and Caucasians are removed, there are more similarities than points of difference

---

Definitions:

Equity

The value of an owner's interest in a property, calculated by subtracting liabilities from the value of an asset.

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its transactions.

Presentation Currency

The currency in which financial statements are presented. This may differ from the functional currency in which transactions are recorded.

Accounts Receivable

Money owed to a company by its debtors for goods sold or services rendered on credit.