Which of the Following Most Accurately Describes the American Middle

question 30

Multiple Choice

Which of the following most accurately describes the American middle class between 1970 and 2015?

• A)They have grown dramatically in number.
• B)They have come to receive more than half the nation's income.
• C)Their share of the nation's income has fallen by almost 20 percent.
• D)Their numerical size and share of the nation's income have remained remarkably constant.
• E)None of these answers is correct.

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Definitions:

Customer Types

Various categories into which customers can be segmented based on characteristics such as needs, behaviors, and demographics.

External Customers

Individuals or entities outside an organization that use or purchase its products or services.

Production Unit

A defined quantity of products or a segment of a manufacturing or service operation that is treated as a standard measure of output.

Departmentation

Departmentation refers to the process of dividing an organization into distinct units, departments, or sections, each responsible for different functions or tasks, to enhance efficiency and management effectiveness.