Lucy and Mark Are Married and Have One Son

question 66

Multiple Choice

Lucy and Mark are married and have one son.Mark works outside of the house and is responsible for the family economic well-being.Lucy is a homemaker and a full-time caregiver for their son.They have a(n) __________ marriage.

• A) traditional
• B) arranged
• C) matriarchal
• D) egalitarian

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Definitions:

Reacquired

Refers to assets, such as stock or securities, that have been bought back by the corporation or entity that initially issued them.

Shares Outstanding

The total number of shares of stock that have been issued and are currently held by shareholders, including both public investors and restricted company insiders.

Reacquired

Reacquired refers to the act of a company buying back its own shares from the marketplace, usually to increase shareholder value or to take advantage of perceived undervaluation.

Sarbanes-Oxley Act

A U.S. law passed in 2002 to protect investors by making corporate disclosures more reliable and accurate, aiming to prevent corporate fraud.