Which of the Following Is a Late-Twentieth-Century Lifestyle Change in the United

question 26

Multiple Choice

Which of the following is a late-twentieth-century lifestyle change in the United States?

• A) fewer divorces
• B) men doing much more housework and childcare
• C) women moving out of the workforce
• D) more rigid ideas about how adults should behave

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Definitions:

Overstate Liabilities

Refers to the act of reporting liabilities on the financial statements at amounts higher than what is true or accurate.

Internal Controls

Mechanisms, policies, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Safeguarding Assets

Refers to the actions and policies put in place by an organization to protect its assets from theft, damage, or misuse.

Voucher System

A method of accounting in which documents are used to authorize and record transactions.