Why Do the Authors of Your Textbook Reject Definitions of Family

question 21

Multiple Choice

Why do the authors of your textbook reject definitions of family that depend on particular types of people (like parents) and specific types of ties (like marriage) ?

• A) They believe that the nuclear family remains the most important prototype for a family.
• B) They want the definition to be broad enough to encompass a variety of living arrangements.
• C) They believe that in the future more families will consist of two sets of parents with children.
• D) They argue that it is important to limit the definition of families so that families can be discussed with clarity.

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Definitions:

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, which set the standards for financial reporting and accounting.

Seventy-Five Percent

A quantitative measure or threshold, often referenced in various contexts to signify a substantial majority of 75%.

LIFO Method

Last-In, First-Out method, an inventory valuation technique where the most recently produced or purchased items are the first to be used or sold.

Gross Profit

Gross profit is the financial measure calculated by subtracting the cost of goods sold from revenue, indicating the efficiency in production and pricing.