Val and Nichole Live in the Same County in the United

question 20

Multiple Choice

Val and Nichole live in the same county in the United States.Val is wealthy,and attends a private high school with class sizes under 18 that offers art,music,foreign language,and advanced courses.In addition,Val takes private music lessons,gymnastics,and is involved in a children's theater program.In contrast,Nichole's family is poor.She attends a public school in a poor neighborhood with most class sizes over 30 and offers remedial courses,but no advanced courses.Art and music courses are minimal.Val and Nichole's life differences are based on

• A)legacy preference.
• B)social mobility.
• C)caste system.
• D)ascribed status.

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Definitions:

Salvage Value

The predicted price that an asset will fetch when it is sold at the conclusion of its usable life.

Working Capital

The difference between a company's current assets and current liabilities, representing the liquidity available to run its operations.

Contribution Margin

The amount by which the sale of a product or service exceeds its variable costs, used to cover fixed costs and generate profit.

Incremental Annual Net Cash Inflows

The additional cash flow a company receives from undertaking a project, after accounting for direct costs and revenue changes.