Identify the INCORRECT Statement About the Effect of Marital Status

question 162

Multiple Choice

Identify the INCORRECT statement about the effect of marital status, age, and the age of any children in the family, on how people spend their income.

• A) Singles and young couples are more willing than older married people to try new products and brands.
• B) Younger people usually earn more than older consumers, but spend less on discretionary items.
• C) Only as children arrive and grow does family spending shift to soft goods and services.
• D) All of these statements are CORRECT.

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Definitions:

Journalistic Approach

A method of inquiry and storytelling that aims to inform the public accurately and impartially through the collection and analysis of information.

Major Thoughts

The primary or most important ideas or opinions being considered or conveyed in a discussion or piece of writing.

Unorganized Information

Data or facts that are disordered or not arranged in a systematic or coherent way, making it difficult to understand or use efficiently.

Personal Finance

The management of an individual's or a family's financial decisions, covering aspects such as budgeting, saving, investing, and financial planning.