Carol and Andy Become the Legal Parents of Sam, Who

question 32

Multiple Choice

Carol and Andy become the legal parents of Sam, who is not their biological child. This process is called

• A) adoption.
• B) inclusion.
• C) assimilation.
• D) acquisition.

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Definitions:

Funds

Financial resources set aside for a specific purpose or allocated to particular entities or projects.

Financial Plan

A comprehensive evaluation of an individual's or organization's current pay and future financial state by using currently known variables to predict future income, asset values, and withdrawal plans.

Additional Assets

Assets acquired by a business or individual that augment the existing resources, often enhancing operational capacity or value.

Future Periods

Time frames that have not yet occurred, often used in planning and forecasting.