Over the Past Several Decades

question 44

Multiple Choice

Over the past several decades,

• A) the divorce rate has declined somewhat.
• B) the rate of nonmarital childbearing has increased.
• C) there has been a dramatic increase in teen birth rates.
• D) changes in the family have basically accelerated.

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Definitions:

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as specified in its charter.

Annual Dividend

The total dividend payment a company declares to distribute to its shareholders annually, often derived from the company's profits.

Incorporator

An individual or entity that participates in the formation of a corporation by filing its articles of incorporation with the relevant state agency.

Corporation

A legal entity that is separate from its owners, who are shareholders, and has its own rights, privileges, and liabilities distinct from those of its members.