Your Textbook Notes That the Median Age of Marriage Has

question 108

Multiple Choice

Your textbook notes that the median age of marriage has increased by several years in the last four decades. Which of the following is a benefit of this delayed entry into marriage?

• A) ​Getting married later reduces the likelihood of marital infidelity occurring.
• B) ​Getting married later reduces the chance of a couple losing their home to foreclosure.
• C) ​Getting married later seems to reduce the likelihood of unwanted children.
• D) ​Getting married later seems to decrease the likelihood of divorce.

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Definitions:

Standard Cost

A predetermined cost of manufacturing, servicing, or marketing goods, used as a benchmark to measure performance.

External Financial Statement Reporting

The process of preparing and disclosing financial statements to external stakeholders, such as investors, creditors, and regulatory bodies, to provide insight into a company's financial health.

Generally Accepted Accounting Principles

A set of rules and standards for financial reporting that companies in the U.S. must adhere to.

Gross Profit

The financial gain made after deducting the cost of goods sold from total revenue.