Which Statement Is False

question 167

Multiple Choice

Which statement is false?

• A)During the Great Depression millions of working-class and middle-class people demanded welfare payments.
• B)Until the 1930s the prevalent theory of poverty was that the poor were lazy.
• C)The heritage of slavery theory explains most poverty in this country.
• D)None of the statements are false.

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Definitions:

Factoring Receivables

Selling receivables to a financing source for an amount less than their face value.

Financial Organization

An entity that provides financial services such as investments, insurance, banking, or brokerage services.

Uncollectible Accounts

Debts owed to a company that are considered to be uncollectible from debtors or customers, often written off as bad debts.

Credit Analysis

The process of evaluating an individual's or organization's ability to repay a loan or debt.