Family Life Cycle Is Most Typically Based on

question 108

Multiple Choice

Family life cycle is most typically based on

• A) income.
• B) geographic location.
• C) marital status and age of children.
• D) occupation.
• E) buying power.

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Definitions:

Period Of Time

A period of time is a specified duration or a length of time during which events, processes, or conditions occur or continue.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Shareholder's Equity.

Office Equipment

Items purchased for use in conducting business operations, including computers, desks, and chairs.

Ownner's Equity

The portion of a company's assets that belongs to the owners or shareholders after liabilities are subtracted; also known as shareholder's equity.