Compared to Those with Lower Incomes, Families with Higher Incomes

question 90

Multiple Choice

Compared to those with lower incomes, families with higher incomes are more likely to be headed by a

• A) person age 65 years and older.
• B) husband and wife team with one but not the other in the labor force.
• C) single-parent.
• D) college graduate.

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Definitions:

Proportionately Shared

Distributed or divided among parties in correlation to their respective shares or involvement.

Corporate Officer

An individual appointed by the board of directors of a corporation who is granted certain powers and responsibilities in managing the company.

Day-To-Day Operations

The routine activities necessary for the ongoing management and functionality of a business or organization.

General Partners

Individuals in a partnership who have unlimited liability and are responsible for the management of the partnership.