What Constitutes a "Family" Has Been Widely Debated

question 56

Multiple Choice

What constitutes a "family" has been widely debated.For many years,the standard sociological definition of family was:

• A)a social network of people based on common ancestry,marriage,or adoption
• B)a group of people who are related to one another by bonds of blood,marriage,or adoption and who live together,form an economic unit,and bear and raise children
• C)a group of people that consists of a husband and wife,children from previous marriages,and children (if any)from the new marriage
• D)a social network of people into which a person is born,comprised of relatives,parents,and children who live in the same household

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Definitions:

Operating Income

Earnings before interest and taxes (EBIT), calculated as gross income minus operating expenses, excluding non-operating income and expenses.

Variable Product Cost

Costs that vary directly with the level of production, such as materials and labor.

Total Fixed Overhead

The sum of all costs that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, used to cover fixed costs and to generate profit.