Which Statement Regarding Urbanization in Texas Is Incorrect

question 49

Multiple Choice

Which statement regarding urbanization in Texas is incorrect?

• A) More than 85 percent of Texans now live in urban areas.
• B) Historically, Texas urbanization depended on the spread of the railroads.
• C) The origins of cities in Texas are found in Native American civilizations.
• D) Urban development started in east Texas and spread west.
• E) In the 1850s, only about 4 percent of Texans lived in urban areas.

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Definitions:

Current Liabilities

Short-term financial obligations due within one year or within the normal operating cycle of the business, such as accounts payable and short-term loans.

Assets

Economic resources owned or controlled by a business, expected to produce future benefits.

Profitability

A financial metric used to assess the ability of a business to generate earnings compared to its expenses over a specific period.

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets.