The 2006 Canadian Census Provided Evidence for Which of the Following

question 50

Multiple Choice

The 2006 Canadian Census provided evidence for which of the following demographic shifts?

• A) Canadians have an increasing interest in supporting traditional family values.
• B) Individuals over the age of 15 are now more likely to be unmarried than married.
• C) Common-law couples are decreasing faster than other types of families.
• D) The number of stay-at-home mothers is rising.

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Definitions:

FIFO

An accounting method used to manage inventory and cost of goods sold where the first items produced or acquired are the first to be sold.

Merchandise sold cost

The total expense incurred to produce or purchase the goods that have been sold to customers.

Perpetual system

An inventory accounting system that records purchases and sales of inventory immediately through the use of technology, offering continuous stock level information.

LIFO

An inventory valuation method that assumes the last items placed in inventory are the first ones sold ("Last In, First Out").