In Some States,misrepresentation of Age by a Minor Is Enough

question 26

True/False

In some states,misrepresentation of age by a minor is enough to prohibit disaffirmance.

---

Definitions:

Revenue

The total income generated by a company from its usual business activities, usually from the sale of goods and services to customers.

Spending Variance

A financial metric that indicates the difference between the budgeted or planned amount of spending and the actual amount spent.

Flexible Budget

A budget that is adaptable and varies according to the changes in activity level or volume.

Net Operating Income

The profit generated from a company's core business operations, excluding deductions of taxes and interest.