Marital Status, Age, and the Age of Any Children in a Household

question 218

True/False

Marital status, age, and the age of any children in a household are the three demographic dimensions that determine stage of family life cycle.

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Definitions:

Enforceable Contract

A legally binding agreement between parties that can be enforced by law if not fulfilled.

Ratified

Refers to the formal approval or confirmation of an agreement or contract, typically making it officially valid.

Authority To Make Contracts

The legal capability or power granted to a person or entity to enter into binding agreements or contracts.

Audit

An official inspection of an individual's or organization's accounts, typically by an independent body, to verify their accuracy.