Some Residents in Low-Income Neighborhoods Create Networks of Caretaking and Financial

question 16

Multiple Choice

Some residents in low-income neighborhoods create networks of caretaking and financial support with other residents outside kinship bonds, which sociologists call __________.

• A) fictive kin
• B) substitute family
• C) bonded family
• D) extended family

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Definitions:

Transferor and Recipient

Parties involved in the transfer of assets, where the transferor is the giver, and the recipient is the receiver.

Net Debt

Represents the total debt of a company minus its cash and cash equivalents, indicating the amount of debt that remains if all cash is used to pay down debt.

Government's Finances

An overview of the financial activities, performance, and condition of a governmental entity, including revenues, expenditures, and debt levels.

Financial Position

A snapshot of what a company owns and owes, as well as the amount invested by shareholders, often represented by the balance sheet.