Which Factor Has Contributed to the Lack of Economic Growth

question 15

Multiple Choice

Which factor has contributed to the lack of economic growth in Africa? I. political instability
II) lack of spending on education and infrastructure
III) malnutrition and disease

• A) I only
• B) II only
• C) III only
• D) I, II, and III

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Definitions:

Liabilities Section

Part of a financial statement that lists what a company owes to others, like loans and payables.

Goodwill

An accounting entry reflecting the premium paid above an entity's net asset value during a purchase, often associated with the value of brand recognition, patents, and exceptional workforce.

Consolidated Financial Statements

Financial statements that present the assets, liabilities, and operating results of a parent company and its subsidiaries as one entity, reflecting the total economic activities.

Impairment Test

An assessment conducted to determine if the value of an asset is less than its carrying amount, indicating the need for an impairment charge.