An Instructor Is Teaching About Differentiated Parent and Adult Child

question 9

Multiple Choice

An instructor is teaching about differentiated parent and adult child relationships.Students are instructed to give an example of a well-differentiated parent and adult child relationship.Which student example meets the instructor requirement?

• A) An adult child considers, but is not governed by, the advice of his or her parents.
• B) An adult child appears to listen, but ignores, the advice of his or her parents.
• C) An adult child respects and is governed by the wishes of his or her parents.
• D) An adult child never requests advice or feedback from his or her parents.

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Definitions:

Unit Variable Expenses

Costs that vary directly with the level of production or sales volume, calculated on a per unit basis.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, such as rent and salaries.

Absorption Costing

A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead in the cost of a product.

Net Operating Income

The total operating profit of a company after all operating expenses, excluding taxes and interest expenses, have been deducted from total revenue.