In 2014, the World's Three Richest People, Each with at Least

question 27

Multiple Choice

In 2014, the world's three richest people, each with at least $60 billion in wealth, have the same wealth as all the people in

• A)the world's poorest country.
• B)the world's two poorest countries.
• C)the world's 25 poorest countries.
• D)110 of the world's 194 countries.

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Definitions:

Net Income

The sum a company holds as profit once it has subtracted expenses and taxes from its aggregate revenue.

Net Sales

The amount of sales revenue left after deducting sales returns, allowances, and discounts.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, respectively.

Earned Revenues

Income generated from the normal business operations after the delivery of goods or services to customers.