There Is Some Evidence That There Is at Least a Shred

question 20

Multiple Choice

There is some evidence that there is at least a shred of truth underneath the stereotypes that African Americans are more athletic than Caucasians.One example of such evidence is that

• A)80 percent of PGA golfers are African-American.
• B)Caucasian boxers lose to African-American boxers 90 percent of the time.
• C)75 percent of the NBA is made up of African Americans.
• D)most Olympic Gold medalists are of African decent.

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Definitions:

Actuarial Information

Actuarial information involves data and analysis related to assessing financial risks in insurance and finance, especially calculations concerning premiums or pension obligations.

Interest Expense

The cost incurred by an entity for borrowed funds, which is charged as an expense on the income statement over the period the funds are borrowed.

Effective Interest Method

An accounting practice used to allocate interest expense or income over the life of a financial instrument at a constant interest rate.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.