Which of the Following Is a Micro-Level Reason Why People

question 56

Multiple Choice

Which of the following is a micro-level reason why people postpone childbearing?

• A) the fear of being a single, working mom
• B) the rise in divorce rates across all populations of the country
• C) the difficulty in finding a suitable job to sustain a family
• D) the lack of a national child care program

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Definitions:

Net Income

The remaining revenue after all costs, expenses, and taxes have been subtracted from a company's total revenue; essentially, a company's profit.

Periodic Inventory

An inventory system in which the inventory count is conducted at specific periods, determining the cost of goods sold by beginning inventory plus purchases minus ending inventory.

Merchandise Inventory

Goods a company intends to sell to customers that are stored as inventory.

Purchases

Represents the total amount of goods bought by a business for resale or for use in production.