A Nuclear Family Consists of ________

question 21

Multiple Choice

A nuclear family consists of ________.

• A) a mother and at least one child
• B) a mother, a father, and at least one child
• C) two generations of a family
• D) three generations of a family

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Corporation

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and engage in business and legal activities.

Limited Liability

A legal structure that protects individual investors or company owners from being personally responsible for company debts and liabilities beyond their investment.

Stockholders' Equity

The ownership interest of shareholders in a company, calculated as the company's total assets minus its total liabilities.