The Number of Single-Person Households

question 39

Multiple Choice

The number of single-person households

• A) still can't compete with the growth of our couples-oriented society.
• B) are outpacing the growth of most other household types.
• C) more than doubled between 1970 and 1996.
• D) are outpacing the growth of most other household types and more than doubled between 1970 and 1996 are correct.

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Definitions:

Salvage Value

The estimated resell value of an asset at the end of its useful life.

Discount Rate

The interest rate used to discount future cash flows to their present value, often in the context of investment appraisal or determining the net present value.

Net Present Value

The difference between the present value of cash inflows and outflows over a period, used in capital budgeting to assess profitability of investments.

Working Capital

The difference between a company's current assets and its current liabilities.