Which of the Following Terms Refers to Parents and Children

question 6

Multiple Choice

Which of the following terms refers to parents and children, plus grandparents, aunts, uncles, and cousins, who often live close to one another and operate as a family unit?

• A)family of affinity
• B)extended family
• C)nuclear family
• D)marriage

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Definitions:

Consolidated

Combined financial statements that present the assets, liabilities, and operating results of parent companies and their subsidiaries as a single entity.

Diversified

A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce risk.

Responsibility Centers

These are parts or segments of a business for which individual managers are responsible, usually in terms of costs, revenues, or investment.

Cost Center

A business unit or department within an organization that does not directly generate revenue but incurs costs, used for budgeting and cost control.