Irene Is 47 Years Old, Unmarried, and Has No Children

question 56

Multiple Choice

Irene is 47 years old, unmarried, and has no children. Irene's mother lives in a nursing home.
I.Irene can file as head of household because her mother lives in a nursing home.
II.Because Irene's mother is a lineal descendent, Irene automatically qualifies for head of household status.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Supply Chains

Networks of businesses and processes that work together to produce and deliver a product or service to consumers.

Profit Margin

The percentage of revenue remaining after all expenses have been deducted from sales, indicating the financial health and efficiency of a business.

Efficient Supply Chains

Supply chains that are effectively managed to ensure the right products are delivered at the right time to the right place with minimal waste and cost.

Low Inventory Levels

A situation where a business holds a minimal amount of products in stock to reduce holding costs and increase efficiency.