In the 1960s and 1970s There Was a Large-Scale

question 219

Multiple Choice

In the 1960s and 1970s there was a large-scale

• A)influx of middle-and working-class blacks into the ghettos.
• B)outflow of middle-and working-class blacks from the ghettos.
• C)movement of middle-and working-class blacks within the ghettos to better housing,but no large-scale movement into or out of the ghetto.

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Definitions:

Property, Plant, and Equipment

Long-term tangible assets that are used in the normal operations of a business, such as land, buildings, and equipment.

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's value over time.

Direct Materials Variances

The difference between the actual cost of direct materials used in production and the expected (standard) cost of those materials.