What Started to Change in the Family and Life Course

question 59

Multiple Choice

What started to change in the family and life course in the 1970s?

• A) large scale decreases in women's labour force participation
• B) the mating gradient disappeared
• C) fertility started to decrease substantially
• D) age at marriage began to decrease
• E) cohabitation became an unacceptable living arrangement

Recognize the influence of economic fluctuations on consumer behavior.

Understand the principles of product liability law.

Identify the defenses available in a strict product liability case.

Analyze the role of negligence in product liability claims.

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Definitions:

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of completed units for inventory and cost analysis purposes.

Conversion Cost

The combined cost of direct labor and manufacturing overhead, associated with the transformation of raw materials into finished goods.

Equivalent Units

A term used in cost accounting to express the amount of work completed in terms of fully finished units, adjusting for partial completions in the production process.

Weighted Average Method

The weighted average method is an accounting technique used to calculate the cost of goods sold and ending inventory by assigning an average cost to each item based on the weight of its cost in the total inventory.