Households' Well-Being Levels Are Determined Not Only by the Assets,but

question 13

Multiple Choice

Households' well-being levels are determined not only by the assets,but also by the nature and magnitude of their needs.Households' needs depend on all of the following except:

• A) the number of dependents
• B) the incidence of illness,injury and disability
• C) cultural norms
• D) households' income

---

Definitions:

Dollar Sales

The total value of sales measured in monetary terms over a specific period of time.

Pretax Income

The amount of income earned by a business before taxes are deducted.

Fixed Costs

Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.

Variable Costs

Costs that vary directly with the level of production or sales activity.