In What Type of Societies Are Extended-Family Households Found Most

question 25

Multiple Choice

In what type of societies are extended-family households found most frequently?

• A) sedentary agricultural economies
• B) post-industrial Western societies
• C) semi-nomadic herding cultures
• D) traveling food collector bands

---

Definitions:

Residual Income

The net income an enterprise or project generates above its cost of capital or required rate of return.

Contribution Margin Ratio

A calculation that shows what percentage of sales revenue is available to cover the fixed costs of a business after variable costs have been paid.

Fixed Expenses

Costs that remain constant regardless of any change in a company's activity level, such as lease payments, insurance, and property taxes.

Sales

Represents the total income generated by a company from selling goods or services before any expenses are subtracted.