In the Context of Family Life Cycle Segmentation,which of the Following

question 49

Multiple Choice

In the context of family life cycle segmentation,which of the following statements is true?

• A) Young divorced couples without children have the lowest purchase rate.
• B) Middle-aged married couples with or without children have high average purchase of durables.
• C) Young married couples with children have high liquid assets.
• D) Middle-aged divorced couples without dependent children are least satisfied with their financial position.

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Definitions:

UCC Article 2

A section of the Uniform Commercial Code that governs the sale of goods, ensuring standardized transactions across state lines.

Statute of Frauds

A legal requirement that certain types of contracts be in writing and signed by the parties involved to be enforceable.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties involved to be legally enforceable.

Main Purpose Doctrine

A legal principle stating that if the main purpose of a guarantor to provide a guarantee is to serve their own interests, they may not require the benefit of the creditor first exhausting remedies against the principal debtor.