Coontz Explains Industrialization and Urbanization Trends Contributed to What Is

question 1

Essay

Coontz explains industrialization and urbanization trends contributed to what is often considered "the modern family." First, describe what characteristics changed to make up the "modern family" compared to earlier families. Then, describe two populations of people who were overlooked in this definition and one way per group that they were affected by this change.

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Definitions:

Fixed Selling Expenses

Fixed selling expenses are those costs associated with selling a product that do not change with the level of production or sales, such as salary of sales staff and rent for office space.

Administrative Expenses

Administrative expenses are the costs associated with the general administration of a business, such as salaries of office staff, utilities, and rent.

Schedule of Expected Cash Collections

A detailed projection of the amounts and timing of cash inflows from receivables anticipated to be collected.

Merchandise Purchases Budget

A financial plan that outlines the expected purchases of merchandise inventory over a certain period, considering anticipated sales and desired inventory levels.