When Asked to Draw a Picture of Her Family, Maggie

question 36

Multiple Choice

When asked to draw a picture of her family, Maggie drew a picture of her mother, her father, and her older brother. Maggie's drawing is an example of a(n) :

• A) marriage
• B) nuclear family
• C) extended family
• D) blended family

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Definitions:

Operating Expenses

Costs associated with the daily operations of a business, excluding cost of goods sold, directly related to generating revenue.

Nonoperating Activities

Nonoperating activities involve the revenues and expenses that are not related to the core operations of a business.

Gross Profit Rate

The ratio of gross profit to net sales, expressing the percentage of revenue that exceeds the cost of goods sold.

Net Sales

The total revenue generated from goods or services sold by a company, minus returns, allowances, and discounts.