What Played the Largest Role in the Formation of Poor

question 229

Multiple Choice

What played the largest role in the formation of poor black ghettos?

• A)Welfare
• B)High birth rates among unwed mothers
• C)The migration of black middle-and working-class families from poor black neighborhoods in the 1960s and 1970s
• D)Rising employment discrimination

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Definitions:

Cash Collection

The process of gathering and processing payments received from customers.

Prior Year

Prior year refers to the last completed fiscal or calendar year used as a reference point in financial and operational analysis.

Current GAAP

The most up-to-date set of Generally Accepted Accounting Principles that companies are required to follow when preparing financial statements.

Direct Method

A cash flow statement preparation approach that lists major categories of gross cash receipts and payments.