Which of the Following Is a Cause of Movement of Individuals

question 4

Multiple Choice

Which of the following is a cause of movement of individuals among income classes?
(i) hard work
(ii) laziness
(iii) chance

• A)(i) and (ii)
• B)(i) and (iii)
• C)(ii) and (iii)
• D)(i), (ii) and (iii)

Understand the concept of time value of money and its application in financial calculations.

Apply compound interest rate formulas to calculate future and present values of loans and investments.

Calculate payments for loans with different conditions, including variable interest rates and unequal payment sizes.

Determine effective and nominal interest rates based on different compounding periods.

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Definitions:

Seriously Disabled

Refers to individuals who have significant physical or mental impairments that substantially limit one or more of their major life activities.

Parental Duties

Responsibilities and obligations that parents have towards their children, including providing for their welfare, education, and safety.

Child Abuse

Any action or failure to act by a caregiver or parent that results in actual or potential harm to a child's health, survival, dignity, and development.

Neglecting

Failing to care for or give proper attention to duties, responsibilities, or individuals for whom one has an obligation.