Which Two Factors Appear to Be Associated with Greater Poverty

question 27

Multiple Choice

Which two factors appear to be associated with greater poverty in old age?

• A) health and marital status
• B) years of work and type of employer
• C) sex and ethnicity
• D) number of children and savings

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Definitions:

Cash Discounts

An incentive offered by sellers to buyers for early payment of invoices, aimed at encouraging prompt payment and improving cash flow.

Short-term Financial Policy

Pertains to strategies and decisions related to managing a company’s current assets and liabilities to ensure liquidity.

Flexible Short-term Policy

A financial strategy that allows for maintaining a higher level of current assets, providing a buffer against unforeseen liabilities or expenses.

Restrictive Short-term Policy

A financial policy aimed at minimizing the amount of working capital to reduce short-term financing costs, often at the risk of running low on liquidity.