An Increase in Life Expectancy Has Caused One Aspect of Family

question 4

Multiple Choice

An increase in life expectancy has caused one aspect of family life to change. Which of the following best illustrates this change?

• A) Adults are likely to spend more years caring for both younger and older generations in their family.
• B) Adults spend fewer years in occupational roles and therefore have more time to spend with their family.
• C) Parents have more children, and the average family size is larger than ever before in history.
• D) Multi-generation families are much rarer than was true a generation ago.

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Definitions:

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate earnings and shareholder dividends.

Proprietorship

A business owned and operated by an individual, where the owner is personally responsible for the business's debts.

Limited Liability

Limited liability is a legal structure that restricts investors' or owners' personal responsibility for a company’s debts and losses to the extent of their investment.

Potential Sales

The estimated total sales revenue that a company could theoretically achieve in a market under ideal conditions.