Which of the following stages of the family life cycle best describes older married couples whose children do not live with them, and the head(s) have retired?
A) Full nest I
B) Full nest II
C) Empty nest I
D) Empty nest II
D
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Answer the following statements true (T) or false (F)
1. An example of a trading bloc is the European Union. 2. Mexico is part of NAFTA. 3. The rate at which one country's currency can be swapped for another country's currency is called the substitution rate. 4. An inherent weakness of the European Union is that stronger countries may have to rescue weaker ones that are in financial crisis.
Under the direct write-off method, when an account receivable is written off in one account period and is collected in the following accounting period, which of the following is required in the second period when reinstating the account?
a. a debit to Accounts Receivable; b. a credit to Bad Debt Expense; c. a credit to Cash; d. a debit to Cash; e. a credit to Accounts Receivable.
As stated in the textbook, which term is defined as a collection of people brought together to apply their individual skills to a common project or goal?
A. flexible work schedule B. group C. team D. posse
An advantage of maintaining a large inventory is _____
a. customer satisfaction b. a high stock turnover rate c. fresh merchandise d. low insurance costs