What Is the Family Life Cycle Model, Developed by Ando

question 5

Multiple Choice

What is the family life cycle model, developed by Ando and Modigliani (1963) , used for?

• A) understanding the saving and spending behaviors of families
• B) helping families avoid debt accumulation
• C) focusing on the social construction of savings and debt
• D) explaining how families get into debt

---

Definitions:

Process Deviation

Process Deviation refers to the difference between the measured process variable and its desired setpoint, indicating the need for corrective action by the control system.

Offset

An offset refers to a deviation or displacement from a reference point or value, commonly used in contexts ranging from programming (memory addresses) to mechanical systems (alignment).

Network Node

An individual electronic device in a network that can send, receive, or forward information.

Amplifies Signal

A process or device that increases the power, voltage, or current of a signal.