Which of the Following Statements Is True Regarding Social Class

question 117

Multiple Choice

Which of the following statements is true regarding social class in the United States?

• A)People are relegated to a permanent class layer in the United States.
• B)Social class is determined primarily by income level.
• C)Wealth is more critical than education level in measuring social class.
• D)Lines between social classes in the United States are fixed and rigid.
• E)Social classes tend to show distinct product preferences in clothing and automobiles.

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Definitions:

Basis of Bargain

The fundamental agreement between parties that forms the foundation of a contract or negotiation.

No Privity

A legal doctrine indicating that a contract cannot confer rights or impose obligations upon any person who is not a party to the contract.

Assumption of Risk

A legal principle where a person knowingly and voluntarily assumes the risk of an activity, potentially limiting their right to claim damages.

Disclaimer

A statement that denies responsibility to enforceable legal claims and thereby protects the party making the statement from liability.