Which Is an Example of Emancipation of a Minor

question 36

Multiple Choice

Which is an example of emancipation of a minor?

• A) 14-year-old female who has an STD.
• B) 17-year-old who enters the armed forces.
• C) Mentally competent 10-year old child.
• D) Minor who no longer lives with parents.

Understand the role and benefits of professional financial planning and investment management.

Distinguish between safe and speculative investments based on investor profiles.

Know the responsibilities and obligations of corporations to their shareholders.

Grasp the concept of systematic and unsystematic risk and their implications for investors.

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Definitions:

Total Utility

Total utility is the total satisfaction or benefit a consumer receives from consuming a particular quantity of goods or services.

Diminishing Marginal Utility

The decrease in satisfaction or utility that a person derives from consuming each additional unit of a good or service.

Demand Curves

A graphical representation that shows the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Marginal Utility

The extra value or satisfaction garnered by a consumer with the acquisition of one more unit of a good or service.