Nonrelatives Who Are Accepted as Part of the Family Because

question 59

Multiple Choice

Nonrelatives who are accepted as part of the family because they have strong bonds with biological family members and provide important services and care are known as ________.

• A) consanguineal kin
• B) fictive kin
• C) nurtured kin
• D) affiant kin

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period, highlighting operational performance.

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales, calculated as net sales divided by average total assets.

Decrease Ratio

A financial metric that quantifies the reduction in a particular variable or metric relative to another, often used to assess performance or efficiency decline.

Transactions

A series of financial activities or exchanges between parties that can affect the accounting records of a business.